The purchase by an individual or firm of stock or bonds issued in another country is called
A) foreign exchange arbitrage. B) foreign portfolio investment.
C) global stock exchange. D) foreign direct investment.
B
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If you buy a good, its expected marginal value to you
a. is equal to its price b. is greater than its price c. is less than its price d. may be less than or equal to but not greater than its price e. may be greater than or equal to but not less than its price
If the marginal product of labor rises, the marginal cost of output
a. rises b. falls c. remains constant d. rises and then falls e. dampens
When deciding what price to charge consumers, the monopolist may choose to charge them different prices based on the customer's gender
a. true b. false
If a tax is proportional, the average tax rate
A. remains the same as income rises. B. rises as income rises. C. falls as income rises. D. falls as income falls.