According to OLI theory, a firm might be unwilling to license its production to a foreign firm for fear that its technology may be stolen or its brand name harmed, which leads the firm to internalize control over its asset and set up its own foreign
subsidiary. Indicate whether the statement is true or false
TRUE
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Based on the information in Scenario 1, real GDP grew by about ________ percent from 2015 to 2016
A) 23 B) 31 C) 62 D) 162
The present value of an expected future payment ________ as the interest rate increases
A) falls B) rises C) is constant D) is unaffected
As the interest rate increases, consumers will tend to increase their amount of saving due to
a. increased profit b. their greater reliance on borrowing c. the lower opportunity cost of current consumption d. diminishing marginal utility e. the higher opportunity cost of current consumption
Real GDP values current output of goods and services at their current prices
a. True b. False Indicate whether the statement is true or false