Internet auctions
a. allow specialized sellers to reach many customers at low cost
b. allow specialized buyers to reach many sellers at low cost
c. always take the form of a Dutch auction
d. always take the form of an English open outcry auction
e. are rapidly being replaced by continuous open outcry auctions
A
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A key reason for low foreign direct investment in developing nations is:
a. the presence of tariff and non tariff barriers on imports. b. the fear of exploitation of domestic resources by foreign owners. c. the lack of government-operated enterprises. d. the high interest rate charged on loans. e. the fear of falling inflation rates.
Which of the following best describes the term deflation?
a. A falling inflation rate b. A negative price level c. A negative inflation rate d. An increasing inflation rate e. A positive inflation rate
The total revenue is the
a. (change in price) × (change in output) b. (price) × (change in output) c. (change in price) × (output) d. (price) × (output) e. (change in marginal revenue) × (price)
According to purchasing-power parity which of the following would happen if a country raised its money supply growth rate?
a. its nominal exchange rate would fall b. its real exchange rate would fall c. its real net exports would rise d. All of the above would happen.