The amount of a product that people are willing and able to purchase at a specific price is referred to as the:
a. demand.
b. quantity demanded.
c. law of demand.
d. consumption function.
e. purchasing power.
b
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When a multinational affiliate replicates production in a foreign country it is called ________ foreign direct investment
A) horizontal B) vertical C) transitional D) bisectional E) direct
Compare the characteristics of loans and marketable securities in terms of liquidity, risk, and information costs
What will be an ideal response?
Higher interest rates
A) reduce total planned real expenditures because they increase the cost of borrowing funds. B) reduce total planned real expenditures because they reduce the income of bankers and other creditors. C) increase total planned real expenditures because they increase the incomes of all people in the economy. D) increase total planned real expenditures because they lower the costs of building new plants and equipment.
Which of the following represents the basic principle of public choice theory?
a. Politicians act consistently in the public's interest. b. Politicians follow their own self-interest and seek to maximize their reelection chances, rather than promote the best interests of society. c. Politicians act in the public interest once they are elected, but follow their own self-interest and seek to maximize their reelection chances during a political campaign. d. None of the above answers are correct.