Your Uncle Harry gives you stock in Samsung for your birthday. The stock is an example of:
A. foreign direct investment.
B. foreign portfolio investment.
C. importing.
D. exporting.
B. foreign portfolio investment.
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Socialism seeks to abolish the market-price system. In the economic way of thinking, socialism would therefore
A) generate tremendous economic growth. B) overcome scarcity. C) lead to a greater coordination among peoples' production and consumption plans. D) allow everybody the opportunity to seek their comparative advantage. E) accomplish none of the above.
If GDP growth were to increase, it would cause the labor:
A. demand curve to shift left. B. supply curve to shift right. C. demand curve to shift right. D. supply curve to shift left.
Which of the following is a merit good?
A. Health care. B. Electricity. C. Automobiles. D. Local telephone service.
The lack of investment in developing countries is at least in part attributable to:
A. high levels of foreign aid. B. low levels of domestic savings. C. inappropriate education. D. overpopulation.