A purely financial investment that does not involve any management responsibility is referred to as _____
a. portfolio investment
b. foreign direct investment
c. current account trading
d. open account trading
a
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Mallory Trammell is a homemaker. Last week, she was busy with her normal household chores. She is:
a. a member of the civilian labor force who is employed. b. a member of the civilian labor force who is unemployed. c. a member of the civilian labor force who is underemployed. d. a discouraged worker who is not a member of the labor force. e. not a member of the labor force.
If a nation experiences severe drought and real risk-free interest rate rises, then:
a. Aggregate demand falls, and aggregate supply rises. b. Aggregate demand and aggregate supply rise. c. Aggregate demand and aggregate supply fall. d. Neither aggregate demand nor aggregate supply change. e. None of the above.
Comparative advantage is the ability to produce a good at a lower opportunity cost than another producer.
Answer the following statement true (T) or false (F)
If a natural monopoly is forced to follow a policy of average-cost pricing, the monopolist will:
A. earn economic profits greater than zero. B. charge a higher price than if the monopolist were not regulated. C. charge a lower price than if the monopolist were not regulated. D. decrease output below that in an unregulated pricing policy.