Foreign investment in the United States gives us
A. greater control over our economy.
B. less control over our economy.
C. neither greater control nor less control over our economy.
B. less control over our economy.
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Paint and paintbrushes are complements. If the price of paint increases, then
A) the demand for paintbrushes will increase. B) the demand for paintbrushes will decrease. C) the demand for paint will increase. D) the demand for paint will decrease.
Economists usually use the term "recession" to refer to: a. any slowdown in the growth of real GDP
b. zero real GDP growth. c. two or more consecutive quarters of declining real GDP. d. a reduction in nominal GDP lasting more than six months.
Depreciation:
A. estimates the decrease in value of capital goods due to wear and tear over the year. B. represents a firm's expenditure to add to its capital stock. C. is the reduction in business inventories per year. D. is the decline in the value of a firm's stock.
A market is allocatively efficient if
A) the sum of the consumer surplus and the producer surplus has been maximized. B) consumer surplus has been maximized. C) producer surplus has been maximized. D) profit has been maximized.