The difference between an international corporation and a multinational corporation is that the international corporation
a. produces in North America while the multinational corporation produces worldwide
b. sells its products in North America while the multinational corporation sells its products worldwide
c. sells only products while the multinational corporation sells products and services
d. produces only in the home country while the multinational corporation produces in two or more countries
e. exports goods and services while the multinational corporation imports goods and services
D
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Which of the following describes how output changes in the short run? Because of specialization and the division of labor, as more workers are hired
A) output will first decrease at an increasing rate, then increase at a decreasing rate. B) the marginal product of labor will first be negative and then will be positive. C) output will first increase at an increasing rate, then output will increase at a decreasing rate. D) the marginal product of labor will first decrease, then increase at a decreasing rate.
Brokerage houses may differ in the
A. fees they charge. B. services they provide. C. stock exchanges on which they hold seats. D. All of these responses are correct.
The demand schedule for a good: a. indicates the quantity that people will buy at the prevailing price
b. indicates the quantities that suppliers will sell at various market prices. c. indicates the quantities that will be purchased at alternative market prices. d. is determined primarily by the cost of producing the good.
Assume the reserve requirement is 10 percent. First National Bank has vault cash and deposits with the Fed of $40 million, loans and securities of $360 million, and demand deposits of $400 million. First National: a. is not in a position to extend additional loans
b. could extend a maximum of $10 million of additional loans. c. could extend a maximum of $20 million of additional loans. d. could extend a maximum of $40 million of additional loans.