When an American buys stock in a French company, from the perspective of the United States, this is a(n):
A. capital outflow.
B. import.
C. export.
D. capital inflow.
Answer: A
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The percentage of the people of working age who have jobs is called the ________
A) labor force B) inverse of the unemployment rate C) employment-to-population ratio D) employment-to-working-age-population ratio
Why does the market not provide national defence?
a) It is impossible to prevent any single person from enjoying the benefit of national defence. b) The fixed cost of national defence is too high. c) The necessary resources for national defence are not available in the private sector. d) Private sectors are not willing to pay for it.
Graphically the intersection of the aggregate demand curve and the short-run aggregate supply line determines:
A. long-run equilibrium. B. exogenous spending. C. potential output. D. short-run equilibrium.
Monopolistic competition differs from perfect competition primarily because in
A. monopolistic competition, entry into the industry is blocked. B. monopolistic competition, there are relatively few barriers to entry. C. monopolistic competition, firms can differentiate their products. D. perfect competition, firms can differentiate their products.