Which of the following nations has had the lowest unemployment rate since 2004?
A. Germany
B. Japan
C. United States
D. France
Answer: B
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Foreign direct investment is when:
A. a firm runs part of its operation abroad or invests in another company abroad. B. investors buy foreign financial assets like stocks, bonds, or government securities. C. investment is funded by foreign sources but operated domestically. D. when a foreign government directly invests into a firm.
When the fishing economy mobilized for war preparedness by drafting young men and women, many draftees came from fishing jobs. Picture the market for fish, before and after the mobilization. What happens to the price and quantity of fish on the market after the draft went into effect?
a. Both fish prices and quantity increased. b. Fish prices increased and quantity remained unchanged. c. The draft had no effect on the fish market. d. Fish prices decreased and quantity increased. e. Fish prices increased and the quantity decreased.
Which of the following conditions distinguishes monopolistic competition from perfect competition?
A. Number of sellers B. Freedom of entry and exit C. Perfect information D. Homogeneity of the product
Under cost-plus regulation, a regulated firm is permitted to charge prices that cover the explicit cost of production plus a markup to cover the:
A. cost of winning a government contract. B. extra cost associated with the state ownership of natural monopolies. C. owner's economic rent. D. opportunity cost of the resources supplied by the firm's owners.