The purchase of U.S. government bonds by Egyptians is an example of
a. U.S. imports.
b. U.S. exports.
c. foreign portfolio investment by Egyptians.
d. foreign direct investment by Egyptians.
c
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Refer to Figure 3-3. The figure above shows the supply and demand curves for two markets: the market for an original Picasso painting and the market for designer jeans. Which graph most likely represents which market?
A) Graph B represents the market for an original Picasso painting and Graph A represents the market for designer jeans. B) Graph A represents both the market for an original Picasso painting and designer jeans. C) Graph A represents the market for an original Picasso painting and Graph B represents the market for designer jeans. D) Graph B represents both the market for an original Picasso painting and designer jeans.
The past two decades has seen a steady increase in the share of total taxes paid by high-income groups
a. True b. False
When economists study the behavior of sellers, they are studying:
A) supply. B) the role of government. C) demand. D) accounting.
There is lack of strong incentives in a monopoly industry, relative to a competitive industry to
A. Use minimum average cost pricing. B. Increase innovation. C. Inhibit productivity advances. D. Lower prices and increase output.