Which of the following is an example of foreign direct investment?
A) American Airlines builds a hub in China.
B) A stock broker from China sells you a Chinese government savings bond.
C) You buy a plane that was made in China.
D) You purchase a plane ticket to China on American Airlines.
A
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If buyers compete against sellers, then
A) buyers would be worse off as more sellers enter the market. B) buyers would be better off with fewer sellers in the market. C) sellers would be worse off with more buyers for their products. D) sellers would be better off with fewer buyers of their products. E) all the above are true.
Which of the following is true about the demand curve for a monopolistically competitive firm?
a. It is less elastic (steeper) than for monopoly, but more elastic (flatter) than for a perfectly competitive firm. b. It is less elastic (steeper) than the demand curve for either a monopoly firm or a perfectly competitive firm. c. It is more elastic (flatter) than the demand curves for either a monopoly firm or a perfectly competitive firm. d. It is less elastic (steeper) than for a perfectly competitive firm, but more elastic (flatter) than for a monopoly firm.
The first two numbers of the ABA code listed on the check designate:
A. the account number B. the routing number C. the Federal Reserve District D. the code indicating the business or personal account
The consumer optimum is found by using
A) marginal utility. B) total utility. C) total utility minus marginal utility. D) total utils.