For foreign direct investment to occur, the purchase has to be more than
A) 8 percent but less than 10 percent of shares in a business located abroad.
B) 5 percent but less than 10 percent of shares in a business located abroad.
C) 10 percent of shares in a business located abroad.
D) 2 percent but less than 5 percent of shares in a business located abroad.
C
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In the next three years, the federal tax system could be replaced with a national retail sales tax.
A. True B. False C. Uncertain
A method of allocating scarce resources is a necessary component of
a. all economic systems b. all economic systems except market capitalism c. centrally-planned socialism and market socialism only d. centrally-planned capitalism and market capitalism only e. all economic systems except centrally planned socialism
According to classical macroeconomic theory, changes in the money supply affect
a. real GDP and the price level. b. real GDP but not the price level. c. the price level, but not real GDP. d. neither the price level nor real GDP.
To create deposits for clients to which it makes loans, a bank typically uses its
A. liabilities. B. required reserves. C. excess reserves. D. federal reserves.