Economies where goods and services are traded directly for other goods and services are called ________ economies.
A) trade
B) barter
C) direct
D) seigniorage
B) barter
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A motive for FDI includes
A) the extraction of natural resources. B) a multinational corporation attempting to jump over trade restrictions. C) high transportation costs. D) All of the above
Suppose in the year 2000 Ken earned $60,000 per year. If the CPI in the year 2000 was 172.2 and in 2015 was 236.7, what is the minimum level of income Ken would have needed to earn in 2015 to have maintained the same standard of living he had in 2000?
a. $80,479 b. $81,237 c. $82,474 d. $83,623
What results has the Republic of Korea experienced from its change in policies?
What will be an ideal response?
During the late 1990s, actual output in the United States appears to have exceeded potential output. Under these circumstances, we would eventually expect factor prices to ___________
Fill in the blank(s) with the appropriate word(s).