The developing area receiving the largest share of direct foreign investment is
(a) Africa.
(b) Asia.
(c) Latin America.
(d) Transition economies.
B
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The observation that changes in an economic variable are unpredictable suggests that the relevant variable follows ________
A) a random walk B) tertiary unpredictability C) the life-cycle hypothesis D) the Tequila effect
According to the book, individuals and families have unique management styles or characteristic ways of making decisions and acting, which of the following is not one of the main factors influencing management styles:
a. History b. Biology c. Culture d. Politics
The representative agent chooses to consume
a. his endowment point. b. equal amounts of current and future goods. c. more future goods than current goods. d. the basket of goods where the slope of the indifference curve equals -1.
Changes in the producer price index are often thought to be useful in predicting changes in
a. stock prices. b. the consumer price index. c. the unemployment rate. d. the rate of output of goods and services.