Foreign direct investment refers to
A) the acquisition of more than 10 percent of the shares of ownership in a company in another nation.
B) the acquisition of less than 10 percent of the shares of ownership in a company in another nation.
C) the granting of a loan to a company located in a foreign country.
D) a direct monetary grant to a foreign company or government.
A
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The relationship between the output gap and the cyclical rate of unemployment is known as
A) the Phillips curve. B) the LM curve. C) Murphy's law. D) Okun's law.
If the government intervenes in a labor dispute and requires settlement through binding arbitration, what takes place?
a. A neutral third party makes a decision that both parties must accept. b. A neutral third party makes a decision that both parties may reject. c. One party sues the other in court. d. The two parties negotiate an agreement without assistance and both must accept it. e. The two parties negotiate an agreement with assistance from their attorneys and both must accept it.
If a 10 percent price increase causes the quantity demanded for a good to decrease by 5 percent, demand is elastic
a. True b. False Indicate whether the statement is true or false
In equilibrium, which of the following conditions is common to both unregulated monopoly and pure competition?
A. P = MR B. MC = P C. AR = ATC D. MR = MC