Basis may change if
A. a new ethanol plants is built locally.
B. a large capacity train terminal is built by CGB.
C. a drought resulted in a short crop.
D. All of the above.
Ans: D. All of the above.
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Capital accounts are a measure of how much ____ have invested ____
a. c and d b. d and e c. U.S. stockholders; in the market d. foreign stockholders; in foreign firms e. U.S. firms; in foreign nations
Antitrust laws allow the government to
a. prevent mergers. b. break up companies. c. promote competition. d. All of the above are correct.
According to the purchasing power parity theory, a rise in the United States price level of 5 percent, and a rise in the Mexican price level of 6 percent cause
A) the dollar to appreciate 1 percent relative to the peso. B) the dollar to depreciate 1 percent relative to the peso. C) the dollar to depreciate 5 percent relative to the peso. D) the dollar to appreciate 5 percent relative to the peso.
If A is preferred to B and B is preferred to C, then we would expect A to be preferred to C. This property is called