An example of direct foreign investment is:
A. a U.S. bank granting a loan to a Guatemalan firm.
B. General Motors building an auto production facility in China.
C. a U.S. government foreign aid grant to Bangladesh.
D. the purchase of debt issued by the Panamanian government.
B. General Motors building an auto production facility in China.
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In April 2000, the United States had a labor force of 141,230,000, employment of 135,706,000, and there were 67,986,000 people not in the labor force (all numbers rounded to the nearest 1000)
(a) Calculate the unemployment rate. (b) Calculate the participation rate. (c) Calculate the employment ratio.
In professional golf, a tournament winner might win, say, $1 million, whereas second place wins only $600,000. Why might golf have a 40% reduction in prize money from first and second place?
A) To ensure that there is enough money to pay those who finish near last. B) To motivate golfers to take risks they might not otherwise take. C) To motivate golfers to not take risks they might otherwise take. D) The Professional Golfers Association is a cartel.
Which of the following countries has medium to high levels of trade by world standards, but in 2008 had a moderate trade surplus?
a. Germany b. Japan c. the United Kingdom d. Sweden
An argument against increasing centralization in elementary and secondary education is _____
a. that it is anti-egalitarian b. that there are fewer administrators to oversee extracurricular programs c. that it results in less direct accountability to students and parents d. that socialization is a problem in large school districts