________ refer(s) to purchasing shares in a foreign enterprise largely owned and controlled by the investor.
A. Portfolio investment
B. Official capital flows
C. Short-term lending
D. Direct investment
Answer: D
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If the exchange rate rises as shown by the arrow, the price of American exports to foreigners will be ________, and foreign nations will demand ________ dollars in order to buy ________ American exports
A) higher; fewer; fewer B) cheaper; fewer; more C) cheaper; more; more D) cheaper; fewer; fewer E) higher; more; more
A demand curve that is perfectly inelastic is
A. horizontal. B. vertical. C. at a 45 degree angle. D. parallel to the X-axis.
The enforcement of contracts by the government:
A. encourages economic growth. B. allows people to enter into long-term investments more easily. C. can increase physical capital investment. D. All of these are true.
Assume that Szmul Hertz has an MPC equal to 0.80 . If he normally earns $40,000 per year, but is laid off for part of 2000 and only earns $25,000 . his consumption for 2000 . according to Milton Friedman, will be
a. $16,000 b. $12,000 c. $32,000 d. $40,000 e. $25,000