According to Robert Reich, Secretary of Labor in the Clinton administration,
A. the identity of American companies is clear, and laws should be written accordingly.
B. foreign companies are clearly different from American companies.
C. multinational companies have clear bases of operations, which form their identity.
D. it is almost impossible to define the nationality of a multinational company.
E. identifying the country of origin of a product is almost impossible but essential for proper regulation.
Answer: D
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Apple has been producing the new iPhone throughout 2013, but doesn't plan to sell it until March 2014. How are these iPhones, which are sitting in a warehouse somewhere in the U.S., affecting GDP?
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b. the basic principle of economics. c. a normative economic statement. d. a positive economic statement.
If consumption spending increases because people feel more confident about the future,
A) aggregate demand will shift to the left. B) aggregate demand will shift to the right. C) aggregate supply will shift to the left. D) aggregate supply will shift to the right.