All of the following are barriers to international investment EXCEPT
A) adverse selection. B) incomplete information.
C) moral hazard. D) symmetric information.
D
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Demand is inelastic if
A) a large change in quantity demanded results in a small change in price. B) the quantity demanded is very responsive to changes in price. C) the price elasticity of demand is less than 1. D) the price elasticity of demand is greater than 1.
Exhibit 30-5
?
A. underproduces; Q1 B. overproduces; Q2 C. overproduces; Q2 - Q1 D. underproduces; Q2 - Q1
Over a short-run period (i.e., week or month), ________ dominate exchange rate movements
A) short-run inflation differentials B) nominal price changes C) relative price changes D) None of the above
In a market economy, what specifies the terms of exchange, facilitating exchange between strangers?
A. contracts B. insurance C. patents D. accounting rules