Which of the following is an example of a principal/agent relationship?
a. Banks lending money to start-up companies.
b. An investment banker investing the client's money into different securities.
c. Advance booking for a car after watching its promos at a car show.
d. Investing your money in fixed-return deposits and government securities.
B
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The purchase of less than 10 percent of the shares of ownership in a company in another country is known as
A) portfolio investment. B) an ineffective method for encouraging economic growth. C) foreign direct investment. D) a hostile takeover.
If the exchange rate ________, the quantity of dollars demanded ________ and there is a movement up along the ________ curve for dollars
A) falls; increases; supply B) rises; increases; demand C) falls; decreases; demand D) rises; decreases; supply E) rises; decreases; demand
A restriction on the quantity of a good that can be imported into a country is a(n):
a. tariff. b. quota. c. embargo. d. restricted exchange rate.
That the migration of black middle and working class families from the ghettos removed the key social constraint against crime is a central thesis of
A. William Julius Wilson. B. Charles Murray. C. Mickey Kaus. D. Frances Fox Piven.