Josh runs a landscaping business in Vermont and decides to hire two people in India to maintain his bookkeeping for him electronically. Josh can pay them much less than he would pay a bookkeeper in the U.S., and the workers enjoy a higher quality of life in India thanks to their jobs with Josh's company. Josh's actions are an example of:
A. exporting.
B. foreign direct investment.
C. importing.
D. foreign portfolio investment.
Answer: B
You might also like to view...
Moving from one point to another on a production possibilities frontier implies
A) increasing the production of both goods. B) changing the amount of factors of production that are employed. C) decreasing the production of both goods. D) increasing the production of one good and decreasing the production of another. E) holding the production levels of both goods constant.
Which of the following would lead to a short-run market surplus for tomatoes?
A) The price of tomatoes increases. B) A new government study shows that tomatoes have a greater risk of contamination from salmonella. C) An increase in the price of potatoes. D) A decrease in the number of tomato growers.
In order to be classified as unemployed, a person must be not working,
A) have been actively looking for work within the past four weeks, and currently be available for work. B) and currently be available for work, regardless of whether one is actively looking for work or not. C) and be waiting to be called back to work from a temporary layoff. D) and actively looking for work within the past year. E) ?a or c
Based on this chart, how much value is added by coffee roasting?
a. $.50
b. $.75
c. $1.00
d. $1.25