________ are among the fastest-growing economic activities in the world.
A) Global manufacturing and supply-chain management
B) Accounting and taxation
C) Finance and human resources
D) Exporting and importing
D) Exporting and importing
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Consumption expenditure includes spending
A) on intermediate goods and services by firms. B) on office supplies by firms. C) by households. D) by households and spending on office supplies by firms. E) by governments when they are buying goods and services that consumers also buy.
The profitability of an investment project will increase if
a. tax rates increase. b. real interest rates increase. c. real interest rates decrease. d. business tax deductions decrease.
Which of the following would most likely cause a nation's currency to depreciate?
a. an increase in domestic real interest rates b. an increase in exports coupled with a decline in imports c. an increase in the nation's inflation rate d. a balance of trade surplus
The PPF between goods X and Y will be a downward-sloping
A) straight line if increasing opportunity costs exist. B) straight line if decreasing opportunity costs exist. C) curve that is bowed outward if increasing opportunity costs exist. D) curve that is bowed outward if constant opportunity costs exist.