FDI stands for:
A. foreign direct investment.
B. foreign domestic income.
C. foreign direct income.
D. foreign domestic investment.
A. foreign direct investment.
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A popular entertainer gives a concert in a 50,000 seat stadium. To give her fans a break, she charges only $50 a seat instead of the customary $75 a seat
At $75 a ticket, there would have been 50,000 tickets sold, and at $50, there are 80,000 people who want tickets. As a consequence of the generosity of the entertainer A) her fans are made better off. B) a more fair system of pricing the tickets has been found. C) another type of system will have to be found to allocate the tickets, making some of her fans better off and others worse off. D) her fans are made worse off since there is an excess demand of 30,000 tickets.
The set of mechanisms and institutions that resolve the basic economic questions is called the
a. economic system b. production possibilities dilemma c. business resolution device d. absolute advantage determination e. comparative advantage determination
Nearly half of federal government research and development spending takes place in the
A. National Science Foundation. B. National Aeronautics and Space Administration (NASA). C. Department of Defense. D. Federal Office of Technology Policy.
If Jen takes out a $2,000 loan for one year at 10 percent interest annually, the price she will pay for borrowing is:
A. $200. B. $2,000. C. $2,400. D. $2,200.