Champlain College in Vermont runs a satellite campus in Dublin, Ireland. This is an example of:
A. foreign portfolio investment.
B. foreign direct investment.
C. importing.
D. exporting.
B. foreign direct investment.
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Health and public welfare expenditures account for the largest share of state and local government spending.
Answer the following statement true (T) or false (F)
Prices of California Merlot wine (assume that this is a normal good) have risen steadily in recent years. Over this same period, prices for French oak barrels used for wine storage have dropped and consumer incomes have risen
Which of the following best explains the rising prices of California Merlots? A) The supply curve for Merlot has shifted to the right while the demand curve for Merlot has shifted to the left. B) The demand curve and the supply curve for Merlot have both shifted to the left. C) The demand curve for Merlot has shifted to the right more than the supply curve has shifted to the right. D) The supply curve for Merlot has shifted to the right more than the demand curve has shifted to the right.
Income is considered to be a
A) nontaxable stream of funds. B) flow. C) stock. D) resource.
According to the Law of Diminishing Marginal Returns, as additional units of one input are employed as all other inputs are held constant, total output will eventually ______.
A. decrease B. increase at an increasing rate C. increase at a decreasing rate D. increase at a constant rate