A country like the U.S., which is operating at the technological frontier, can improve its technology only by:
a. repurposing
b. redeveloping
c. innovating
d. purchasing
c
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Which of the following are ways in which corporations can reduce their U.S. tax burdens?
A) taking advantage of deductions and credits B) shifting foreign profits to overseas subsidiaries C) deducting past losses from income tax in profitable years D) all of the above
IBM buys treasury bonds from the UK as part of its investment portfolio. This is an example of:
A. foreign direct investment. B. foreign portfolio investment. C. importing. D. exporting.
The demand curve for a monopolistic competitor is based on the extent of its product differentiation and how many competitors it faces
a. True b. False Indicate whether the statement is true or false
If demand is perfectly elastic, the demand curve is horizontal, and the price elasticity of demand equals 1
a. True b. False Indicate whether the statement is true or false