In the circular flow model of the market system, business firms
A. buy products and resources.
B. buy products and sell resources.
C. sell products and resources.
D. sell products and buy resources.
Answer: D
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The purchase of less than 10 percent of the shares of ownership in a foreign company is referred to as a
A) negligible investment. B) foreign indirect investment. C) foreign direct investment. D) portfolio investment.
Punitive damages are meant to
a. codified law b. criminal law c. common law d. case law e. all of the above
Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation. B. low economic growth and high inflation. C. high economic growth and low inflation. D. low economic growth and low inflation.
Figure 4.3 illustrates the demand for tacos. Assume that tacos are normal goods. An increase in income would bring about a movement from:
A. point a to point b. B. point c to point b. C. D2 to D1. D. D0 to D1.