Foreign banks may engage in banking activities in the United States by opening all of the following EXCEPT
A) an agency office of the foreign bank.
B) a subsidiary U.S. bank.
C) a branch of the foreign bank.
D) a McFadden Corporation.
D
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Gross domestic product understates the total production of final goods and services because of the omission of
A) intermediate goods. B) exports. C) inflation. D) the underground economy.
Which of the following statements is true?
A) Most of the leading exporting countries are large, high-income countries. B) All sectors of the U.S. economy are affected equally by international trade. C) Each year China exports about 50 percent of its wheat crop and 40 percent of its rice crop. D) Exports benefit trading countries because exports create jobs. Imports do not benefit trading countries because they result in a loss of jobs.
Which of the following economies is an example of a mixed system?
a. The United States. b. The United Kingdom. c. Sweden. d. All of these.
Paul Bergeron and Virginia Clacey each own a 100-acre soybean farm in Soyburg, Illinois. Together they grow 1/1,000th of 1 percent of the nation's soybeans. When they merge, it will
a. raise the price of soybeans in the U.S. b. be a vertical merger c. reduce competition in the soy market d. increase the market power of Paul and Virginia e. probably go unnoticed outside of Soyburg