Which of the following BEST describes the concept of serendipity in exporting?
A) modifying products to meet cultural preferences
B) initiating global sales through e-commerce methods
C) relying too much on exports when domestic sales suddenly increase
D) opportunistically responding to unsolicited orders from foreign customers
D) opportunistically responding to unsolicited orders from foreign customers
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What would be an example of a consumption good?
A) Donald Trump purchases furniture for his office. B) Antonio, the manager of the local Taco Hut, purchases a new deep fryer. C) Jake buys an iPhone. D) The local driver's license office purchases a new digital camera and printer. E) Rhianna gets a haircut.
The formula for the multiplier is (1 - MPC)
Indicate whether the statement is true or false
Assume that the following are the predicted inflation rates in these countries for the year: 2% for the United States, 3% for Canada; 4% for Mexico, and 5% for Brazil
According to the purchasing power parity and everything else held constant, which of the following would we expect to happen? A) The Brazilian real will depreciate against the U.S. dollar. B) The Mexican peso will depreciate against the Brazilian real. C) The Canadian dollar will depreciate against the Mexican peso. D) The U.S. dollar will depreciate against the Canadian dollar.
Which of the following would not be part of the empirical approach when studying such questions as "Has abortion led to a decrease in the crime rate?"
A. Using models to structure the empirical study B. Creating informal models and hypotheses C. Using deductive reasoning D. Looking at the data