A citizen of the U.S. buys a factory in London. This is an example of a(n) ________
A) foreign portfolio investment B) export by the U.S.
C) foreign direct investment D) import by the U.S.
C
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In the U.S. in 2012 the poverty level for a family of four was about
A) $23,000. B) $34,000. C) $10,000. D) $15,000.
Which of the following is NOT a benefit to an individual purchasing a mutual fund?
A) reduced risk B) lower transactions costs C) free-riding D) diversification
If a firm is to capture all consumer surplus with two-part pricing when customers are different
A) it must be able to charge different access fees. B) it cannot charge different prices for access fees. C) it must set unit price below marginal cost. D) it must set unit price above marginal cost.
Those economists who attempt to explain why wages and prices do not freely adjust would most likely be
A) real business cycle theorists. B) new classical economists. C) new Keynesian economists. D) new growth theorists. E) none of the above