An example of direct foreign investment is given by
A) the sale of U.S. government bonds to foreigners.
B) the sale of General Motors bonds to foreigners.
C) the behavior of multinational corporations such as Ford.
D) all of the above.
C
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Based on Table 9.3, if values in the table are amended to reflect a net increase in U.S. foreign direct investment of 100, then the new balance for the capital account balance becomes
A) -75. B) -25. C) +25. D) +75. E) +225.
The currency of the United States is:
A. backed dollar for dollar by gold. B. backed by a gold cover of 50 percent. C. not backed by any precious metal. D. backed by the government's silver reserves.
In 1995 ________, which was established in 1948, was replaced by ________
A) the GATT; the WTO B) the WTO; NAFTA C) the Smoot-Hawley Tariff; the GATT D) NAFTA; the Smoot-Hawley Tariff
Firms react to an unplanned inventory investment by increasing output.
Answer the following statement true (T) or false (F)