Most foreign direct investment is in
A. the mining and extraction sector.
B. the manufacturing sector.
C. the agricultural sector.
D. the service sector.
Answer: D
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Profit is maximized at the output at which marginal revenue exceeds marginal cost by the greatest margin
a. True b. False Indicate whether the statement is true or false
Which of the following would be a normative economic statement?
a. The unemployment rate rose to 6.3 percent, which is the highest level in the past five years b. The trade deficit grew by $300 million last month c. The government should raise taxes to bring in $10 billion more in revenue next year d. The economy grew at a 4 percent rate last year
Shadow prices:
A. are paid in terms of opportunity costs. B. are set by the government. C. exist only in black markets. D. are illegal.
The greenhouse effect represents an external cost.
Answer the following statement true (T) or false (F)