Alan bought 20 shares of Labatt's stock for himself to celebrate his favorite foreign beer company in 2000. Alan's purchase is an example of:
A. exporting.
B. importing.
C. foreign portfolio investment.
D. foreign direct investment.
Answer: C
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Changes in interest rates, all else held constant, cause a shift in ________.
A. the investment demand curve, but not the aggregate demand curve B. the aggregate demand curve, but not the investment demand curve C. the investment demand curve and the aggregate demand curve D. either the investment demand curve or the aggregate demand curve
Consider two activities: Attending economics class and reading an economics textbook. Zack thinks he can learn economics by either attending class or reading the textbook. Zoe knows she learns best by both attending class and reading the textbook. Use indifference curves to illustrate each person's preferences for attending class and reading the text.
What will be an ideal response?
A balance-of-payments surplus for the United States can be corrected by
A. Increasing quotas on foreign goods. B. Reducing tariffs on foreign goods. C. Subsidizing U.S. exports. D. Increasing U.S. taxes.
Refer to Figure 1A.1. If the hours worked per week are 20, the income per week is:
A. 50. B. 100. C. 150. D. 200.