Which point best represents the economy in a depression?
A. Point H
B. Point F
C. Point I
D. Point G
D. Point G
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Knowledge capital is
A) rival. B) nonrival. C) nonexcludable. D) both B and C
Will and Grace have adjoining unfenced back yards and each has just adopted a new puppy. Will values a fence between their yards at $250 and Grace values a fence between their yards at $200. The cost of building the fence is $300, which will be split equally if they both agree to build the fence. Therefore, their payoff matrix is as follows. If Will decides to build the fence, then Grace will earn a higher payoff by ________, and if Will decides to not build the fence, then Grace will earn a higher payoff by ________.
A. not helping to build the fence; also not building the fence B. helping to build the fence; also not building the fence C. not helping to build the fence; building the fence D. helping to build the fence; building the fence
According to purchasing power parity, which of the following is FALSE about an overvalued dollar compared to the Japanese yen?
A) U.S. merchants would be motivated to import more Japanese goods. B) Japanese merchants would tend to export more to the United States. C) Prices in the United States would tend to fall. D) Over the long term, the exchange rate would fall.
Foreign direct investment is
A. the diversification of purchasing shares in many companies in one country so that risk is kept to a minimum. B. the purchase of less than 10 percent of the shares of ownership in a company in another country. C. the purchase of more than 10 percent of the shares of ownership in a company in another country. D. the diversification of purchasing shares in one company in many countries so that risk is kept to a minimum.