"New forms" of foreign investment do not include
a. management contracts
b. joint ventures
c. licensing
d. investment insurance
e. all of the above are new forms of foreign investment
D
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People are willing to pay more for a diamond than for a bottle of water because
a. the marginal cost of producing an extra diamond far exceeds the marginal cost of producing an extra bottle of water. b. the marginal benefit of an extra diamond far exceeds the marginal benefit of an extra bottle of water. c. producers of diamonds have a much greater ability to manipulate diamond prices than producers of water have to manipulate water prices. d. water prices are held artificially low by governments, since water is necessary for life.
Assuming the economy is at full employment, a decrease in aggregate demand will most likely cause a change in which of the following types of unemployment?
A. Structural. B. Seasonal. C. Frictional. D. Cyclical.
The excess burden of a tax is the amount paid by consumers.
Answer the following statement true (T) or false (F)
For many years, the price of medical care in the United States has:
A. risen at the same rate as the overall price level. B. risen at a faster rate than the overall price level. C. risen, but at a slower rate than the overall price level. D. fallen.