An example of a foreign direct investment (FDI) would include
A) a U.S. couple buying land for their dream retirement home in Costa Rica.
B) a U.S. mutual fund manager buying shares of stock in a Brazilian oil company.
C) a U.S. firm expanding its U.S. operations.
D) a wealthy Mexican buying U.S. Treasury bills.
A
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A "long-run exploitable Phillips curve" refers to a Phillips curve that in the long run is ________ rather than ________
A) downward sloping; vertical B) vertical; horizontal C) horizontal; upward sloping D) upward sloping; vertical
Which of the following is not true regarding a change in quantity demanded?
a. A change in quantity demanded is shown by a movement along a given demand curve. b. The demand curve shifts whenever the quantity demanded changes. c. A change in the price of a good, other things constant, will lead to a change in quantity demanded. d. The lower the price of a product, other things constant, the higher the quantity demanded. e. A shift of the supply curve might cause a change in quantity demanded.
If the price of a good decreases by 3 percent and total revenue increases, the elasticity of demand for the good could possibly be
A. 1.3 B. 1 C. 0.8 D. 0.2 E. 0
Identify the three components of aggregate expenditure aside from consumption, and briefly identify factors that influence them.
What will be an ideal response?