John, a U.S. citizen, opens up a Sports bar in Tokyo. This is an example of U.S
a. exports.
b. imports.
c. foreign portfolio investment.
d. foreign direct investment.
d
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Trade between nations A and B:
a. leaves the production possibilities of nation A unchanged. b. leaves the production possibilities of nation B unchanged. c. increases the consumption possibilities of both nations. d. All of these are true.
A run on a bank occurs when everyone is trying to withdraw their funds simultaneously
a. True b. False
Figure (a) represents the domestic demand and supply of televisions. Suppose free trade is allowed and the current world price of televisions is P1 as shown in Figure (b). As a result of free trade the domestically produced quantity would
a. fall to Q1.
b. rise to Q2.
c. fall to Q3.
d. rise to Q4.
At an exchange rate of $1 = €1 in Figure 36.1, there is
A. A surplus of dollars. B. Equilibrium in the foreign exchange market. C. a shortage of dollars. D. A shortage of euros.