Portfolio investment is defined as
A) the purchase of less than 40 percent of the shares of ownership in a company in another country.
B) the acquisition of more than 40 percent of the shares of ownership in a company in another country.
C) the diversification of purchasing shares in many companies in one country so that risk is kept to a minimum.
D) none of the above
D
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Managers in firms with market power can:
A) not influence price. B) develop strategies that involve both the demand and supply sides of the market. C) only focus on the demand side of the market. D) none of the above.
Over the long run, per capita incomes in different regions of the United States have
a. gradually diverged with the Northeastern region leading all other income groups. b. gradually converged. c. gradually converged until roughly 1985, and then diverged as the Western states outpaced other regions. d. have converged, with the exception of the South.
In calculating the net exports component of GDP, exports
a. and imports are subtracted b. and imports are included c. and imports are equal d. are included and imports are not e. are included and imports are subtracted
The opportunity costs associated with the use of resources owned by a firm are usually
a. externalities. b. implicit costs. c. explicit costs. d. sunk costs.