A U.S. citizen buys bonds issued by an automobile manufacturer in Japan. Her expenditures are U.S
a. foreign direct investment that increase U.S. net capital outflow.
b. foreign direct investment that decrease U.S. net capital outflow.
c. foreign portfolio investment that increase U.S. net capital outflow.
d. foreign portfolio investment that decrease U.S. net capital outflow.
c
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The opportunity cost of an item is
a. the number of hours that one must work in order to buy one unit of the item. b. what you give up to get that item. c. always less than the dollar value of the item. d. always greater than the cost of producing the item.
Refer to the graph shown. The profits earned by the monopolistically competitive firm represented equal:
A. $120. B. $0. C. $45. D. $15.
Trade sanctions imposed on Iraq that limited Iraq's production of oil after the 1990 Gulf War on the oil market are best shown graphically with a price ceiling below equilibrium price.
Answer the following statement true (T) or false (F)
A change in the quantity demanded of a product is the result of a change in:
A. the price of the product. B. the price of related goods. C. consumer income. D. the cost of producing the product.