Portfolio investment can generally travel across borders ________ foreign direct investment can.
A. just as quickly as
B. more quickly than
C. not as quickly as
D. None of these statements is true.
Answer: B
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A tax in an industry would result in: a. a decrease in consumer surplus
b. a decrease in producer surplus c. a decrease in the gains from trade. d. all of the above.
The part of the Federal Reserve System that determines monetary policy actions is the
A. Federal Open Market Committee. B. Federal Deposit Insurance Corporation (FDIC). C. Comptroller's Office. D. District Bank Board.
An indifference curve between one dozen eggs and several dozens of eggs would be
A. bowed in to the origin. B. a downward sloping straight line. C. bowed out from the origin. D. a straight line from the origin.
Only ________ percent of the U.S. population is served by a system of sewers and adequate water treatment plants.
A. 40 B. 70 C. 50 D. 60