An example of U.S. foreign direct investment would be a:
A. factory in Canada owned by a U.S. citizen.
B. factory in Japan owned by a Canadian citizen.
C. factory in New Mexico owned by a Japanese citizen.
D. All of these are examples of foreign direct investment.
A. factory in Canada owned by a U.S. citizen.
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Productivity growth in the U.S. averaged approximately 3 percent per year between 1947 and 1973; it has averaged approximately 5 percent annually since then
a. True b. False Indicate whether the statement is true or false
For a cartel to be successful in increasing economic profits for its members:
A. individual firms must be encouraged to adjust output so as to maximize their own profits at the cartel price. B. entry of new firms must be blocked. C. price must be set equal to marginal cost. D. price must be set equal to average total cost.
Exhibit 1A-3 Straight line
Straight line AB in Exhibit 1A-3 is a downward sloping line illustrating:
A. a direct relationship between X and Y. B. an inverse relationship between X and Y. C. X and Y are unrelated variables. D. the ceteris paribus assumption.
The slope of a many-worker consumption possibilities is determined by the relative price of
A. the good that is most in demand. B. both goods in the world market. C. both goods in the domestic market. D. the good that is least in demand.