Which of the following is infrastructure?
a. IBM computer plant. b. Training and education.
c. Services of doctors. d. None of these.
d
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If something is a unit of account, then it:
a. serves as a yardstick for measuring the relative value of other goods b. is a means of holding wealth for the future c. is fairly stable d. is durable and portable e. is accepted as payment for any purchase
Indifference curves tend to be bowed inward because of diminishing
a. marginal rates of substitution. b. demand for the good as prices rise. c. income. d. Both a and b are correct.
If a country does not engage in trade with other countries, it is known as
A. A trade surplus economy. B. A trade deficit economy. C. An open economy. D. A closed economy.
Political risk is the possibility that the government of the host country will alter its policies in ways that harm the multinational enterprise.
Answer the following statement true (T) or false (F)