Globalization entails all of the following except:
A. foreign direct investment
B. open trade and technology transfers between countries
C. foreign portfolio investment
D. cultural exchange between nations
Answer: D. cultural exchange between nations
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Consider the market for dollars. The higher the exchange rate, the ________ is the expected profit from holding foreign currency and the greater is the ________
A) larger; quantity of dollars supplied B) larger; leftward shift in the demand curve for dollars C) smaller; quantity of dollars supplied D) smaller; leftward shift in the demand curve for dollars
If total spending exceeds total output, then
a. inventory levels will rise. b. inventory levels will remain constant. c. inventory levels will fall. d. output will eventually decrease.
What gives money value under a fiat system?
A. Fiat money is backed by gold. B. The supply of fiat money is controlled by the government. C. Fiat money is also a commodity. D. Fiat money is the same as Treasury bonds.
Refer to the information provided in Figure 6.10 below to answer the question(s) that follow.
Figure 6.10Refer to Figure 6.10. The current price of a turkey sandwich is $6. If Kyle is currently buying nine turkey sandwiches a week, he ________ maximizing utility because the marginal utility ________ than its price.
A. is; from the ninth sandwich is less B. is not; gained from the ninth sandwich is greater C. is not; gained from the ninth sandwich is less D. is; from the ninth sandwich is greater