Am example of an import of a service in the U.S. balance of payments would be when
A) an U.S. resident purchases a Japanese stereo.
B) a Norwegian traveling in the United States rides a trolley car in San Francisco.
C) a U.S. resident buying insurance from a firm in Toronto.
D) a U.S. firm purchases 100 shares of a Dutch firm.
Answer: C) a U.S. resident buying insurance from a firm in Toronto.
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Which of the following statements is true concerning DRGs?
a. Soon after their implementation in 1983, the average length of stay in U.S. hospitals fell significantly. b. Hospital operating margins fell dramatically immediately after implementation of the program. c. The system encourages over-treatment of elderly patients. d. The system encourages physicians to over-diagnose. e. Both a and d are true.
The percent of population that experiences transient poverty at some point in their lives is:
A. less than 10 percent. B. approximately 12 percent. C. more than 25 percent. D. approximately 40 percent.
Ray, a marketer at a global firm, monitors the exchange rate of countries in which the firm sells its products. Ray is most likely concerned about changes in ________.
A) operating expenses B) exporting policies C) product demand D) quality control
The opportunity cost of a decision is the
A. value of the best alternative not chosen. B. cost of making the wrong choice. C. cost incurred by others who are unhappy with your decision. D. value of all the alternatives not chosen.