The protection of property rights leads to
A) more poverty.
B) more illiteracy.
C) more capital formation.
D) unemployment.
C
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Refer to Table 2-12. If the two countries specialize and trade, who should export sailboats?
A) There is no basis for trade between the two countries. B) Guatemala C) They should both be importing sailboats. D) Honduras
Foreign direct investment is
A) the purchase of less than 10 percent of the shares of ownership in a company in another country. B) the purchase of more than 10 percent of the shares of ownership in a company in another country. C) the diversification of purchasing shares in many companies in one country so that risk is kept to a minimum. D) the diversification of purchasing shares in one company in many countries so that risk is kept to a minimum.
With respect to controlling the money supply, the law requires the Fed to take orders from:
A. the President. B. the Speaker of the House. C. the Secretary of the Treasury. D. no one?the Fed is an independent agency.
Related to the Economics in Practice on page 67: Consumption of quinoa has been on the rise. A grain called teff has been referred to as quinoa's twin and is often consumed in place of quinoa. This would make teff and quinoa ________, and an increase in the price of quinoa should ________ the demand for teff, ceteris paribus.
A. complements; decrease B. substitutes; decrease C. substitutes; increase D. complements; increase