When a multinational affiliate replicates elements of a production process in a foreign country it is called ________ foreign direct investment
A) vertical
B) horizontal
C) transitional
D) bisectional
E) direct
A
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The expenditures or output approach to GDP measures it by summing up ________.
A. the total spending for consumption, investment, net exports, and government purchases B. compensation of employees, rents, interest, dividends, corporate profits, proprietors' income, and indirect business taxes and subtracting the consumption of fixed capital C. compensation of employees, rents, interest, dividends, undistributed corporate profits, proprietors' income, indirect business taxes paid, consumption of fixed capital, and net foreign factor income earned in the United States D. the total spending for consumption and government purchases but subtracting public and private transfer payments
The main policy goal for a country according to the mercantilists is
A) to create a one-time deficit in the balance of payments. B) to create a continuing deficit in the balance of payments. C) to create a one-time surplus in the balance of payments. D) to create a continuing surplus in the balance of payments. E) to create specie overflows.
Most foreign exchange is bought and sold
A) by governments. B) by tourists. C) in over-the-counter markets. D) on the New York Stock Exchange.
Personalized advertising that uses postal mailings, phone calls, and e-mail messages is known as
A) direct marketing. B) mass marketing. C) indirect marketing. D) interactive marketing.