Vote trading in order to pass legislation is commonly called _____
Fill in the blank(s) with the appropriate word(s).
Answer: logrolling
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American businesses get their external funds primarily from
A) bank loans. B) bonds and commercial paper issues. C) stock issues. D) loans from nonbank financial intermediaries.
If a Japanese company opens a new factory in South Korea, it makes
a. foreign direct investment. The factory will make a bigger impact on South Korea's GDP than on its GNP. b. foreign direct investment. The factory will make a bigger impact on South Korea's GNP than on its GDP. c. foreign portfolio investment. The factory will make a bigger impact on South Korea's GDP than on its GNP. d. foreign portfolio investment. The factory will make a bigger impact on South Korea's GNP than on its GDP.
Which of the following statements is true?
a. When a monopoly firm sells an additional unit of output, its revenue increases by an amount less than the price. b. When a monopolistic firm decides to increase price, its profit will increase. c. When a competitive firm sells an additional unit of output, its revenue increases by an amount less than the price. d. Average revenue is the same as price for both competitive and monopoly firms.
Refer to the above figure. A movement from B to C would be NOT be the result of
A. an increase in consumption spending. B. an increase in worker productivity. C. an increase in government spending. D. an increase in foreign income levels.