Investment from abroad
a. is a way for poor countries to learn the state-of-the-art technologies developed and used in richer countries.
b. is viewed by economists as a way to increase growth.
c. often requires removing restrictions that governments have imposed on foreign ownership of domestic capital.
d. All of the above are correct.
d
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Total utility is maximized when a consumer has spent all of his or her income and
A) spent equal amounts on all goods. B) marginal utility is maximized. C) the total utility per dollar from all goods is equal. D) the marginal utility per dollar from all goods is equal.
How did people like Mark Zuckerberg of Facebook and the late Steve Jobs of Apple become so rich?
What will be an ideal response?
Mainstream economists support
A. elimination of efficiency wages and insider-outsider relationships. B. the use of fiscal policy for achieving major economic goals. C. adoption of a monetary rule for increases in the money supply. D. the requirement that the government annually balance its budget.
The supply of money increases when the public buys government securities from commercial banks.
Answer the following statement true (T) or false (F)