In China, firms owned by the government are known as
A) state-owned enterprises (SOEs).
B) government enterprises.
C) corporations.
D) government owned partnerships.
A
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If the United States has a $300 billion net capital inflow, then there must be a:
A. trade surplus of $300 billion. B. trade surplus of $600 billion. C. net capital outflow of $300 billion. D. trade deficit of $300 billion.
If an increase of $10 billion of investment results in an increase in equilibrium expenditure of $40 billion, the multiplier equals
A) $10 billion ÷ $40 billion = 0.25. B) $40 billion - $10 billion = $30 billion. C) $10 billion × $40 billion = $400 billion. D) $10 billion - $40 billion = -$30 billion. E) $40 billion ÷ $10 billion = 4.
Inflation is a problem when
A) it is unpredictable. B) it causes the value of money to vary unpredictably. C) it causes resources to be diverted from productive uses. D) All of the above answers are correct.
Neither intermediate goods nor used goods are included in GDP. Explain why these expenditures are not included in GDP
What will be an ideal response?