Which of the following products is the most likely to have constant costs in the long run?
A. ice
B. wine grapes
C. housing
D. copper
Answer: A
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Which of the following is an example of foreign direct investment?
A) American Airlines builds a hub in China. B) A stock broker from China sells you a Chinese government savings bond. C) You buy a plane that was made in China. D) You purchase a plane ticket to China on American Airlines.
A significant increase in the price of tennis balls will most likely lead to
A) an increase in the demand for tennis racquets. B) an inward shift in the demand for tennis balls. C) a movement along the demand curve for tennis racquets. D) an inward shift in the demand for tennis racquets.
A price ceiling set below the equilibrium price causes a shortage in the market
a. True b. False Indicate whether the statement is true or false
The nominal exchange rate is the
a. nominal interest rate in one country divided by the nominal interest rate in the other country. b. the ratio of a foreign country's interest rate to the domestic interest rate. c. rate at which a person can trade the currency of one country for another. d. the real exchange rate minus the inflation rate.