Which of the following is a defining feature of a multinational firm?
a. It exports goods and services to foreign nations.
b. It develops joint ventures with foreign firms.
c. It owns and operates production facilities in more than one country.
d. It employs agents in various countries to sell their products abroad.
e. It holds patents on its products and services.
c
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Macroeconomics, as opposed to microeconomics, includes the study of what determines the
A) wages paid to employees of Walmart. B) prices charged for automobiles produced by Tesla. C) exchange rates between the U.S. dollar and the currencies of Asian nations. D) quantity of iPhones produced by Apple.
What is the present value of $1,000 to be received 2 years in the future with an interest rate of 8 percent?
A) $857.34 B) $925.93 C) $1080.00 D) $1166.40
Which of the following are three key components of the economic problem?
a. scarcity; choice; giving up valuable opportunities b. surplus; choice; competing opportunities c. scarcity; competing opportunities; income d. surplus; income; giving up valuable opportunities
Answer the following statements true (T) or false (F)
1. In the expenditures approach, transfer payments such as unemployment compensation are included in the G component of GDP. 2. National income (NI) is estimated as the sum of four categories of income (wages, rent, interest, profits) plus taxes on production and imports. 3. Personal income (PI) is the income that households are free to spend or save as they please. 4. Disposable income (DI) includes transfer payments like Social Security benefits and unemployment benefits.