Which of the following is one of the concerns over having U.S. auto producers in China?
a. They will dump back onto U.S. markets.
b. They will allow technology to leak to Chinese competitors.
c. They cannot compete with the Japanese.
d. They will allow the Chinese competitors to steal their business model.
Ans: b. They will allow technology to leak to Chinese competitors.
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In comparing the magnitudes of the components of GDP according to the expenditure approach, we see that in the United States
A) government expenditure on goods and services is the largest category. B) investment is the largest category. C) investment is much larger than government expenditure on goods and services. D) investment is less than government expenditure on goods and services. E) investment, government expenditure on goods and services, and consumption expenditure are all about the same size.
By about 1973, U.S. policymakers had learned that
a. Friedman and Phelps's analysis of inflation and unemployment had been correct. b. the short-run Phillips curve shifts when expectations of inflation change. c. there is no long-run trade-off between inflation and unemployment. d. All of the above are correct.
From 1992-2007, the volume of currency traded worldwide:
a. slumped due to the world recession. b. increased approximately 290%. c. fluctuated wildly due to investor expectations. d. was concentrated in trades in the developing world.
Education and training of workers would best be categorized as
A. physical capital. B. labor. C. human capital. D. land.