A firm that owns and controls operations in more than one country is a(n)
A. monopolist.
B. cross-border business alliance.
C. franchise.
D. MNE.
Answer: D
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John Maynard Keynes argued that if many households decide at the same time to increase saving and reduce spending,
a. this may benefit the economy in the short run, but not in the long run. b. the economy will benefit in the short run and benefit by an even greater amount in the long run. c. this will have a major negative impact on the economy in both the short run and in the long run. d. this may benefit the economy in the long run, but could be counterproductive in the short run.
Which of the following allows the greatest value to be generated with a given amount of pollution?
a. Pollution tax b. Regulatory guidelines c. Compliance standards d. Pollution rights
Falling below a minimum standard of living illustrates the concept of absolute poverty.
Answer the following statement true (T) or false (F)
The measurement of economic growth cannot take into account
A. productive activity in an economy. B. the service sector of an economy. C. differences in inflation rates across countries. D. cultural aspects of life in a country.