Champlain College in Vermont runs a satellite campus in Dublin, Ireland. This is an example of:
A. foreign portfolio investment.
B. exporting.
C. importing.
D. foreign direct investment.
Answer: D
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Refer to the figure below. 
In the figure, which interval represents a business cycle recession?
A. A to B B. A to C C. B to C D. B to D
Assume there is a decrease in the supply of a product produced in a perfectly competitive market. All else constant, in the short run this will cause the profits of firms that produce substitutes for the good in question to increase
Indicate whether the statement is true or false
Most municipal bonds are
A) general obligation bonds. B) revenue bonds. C) callable bonds. D) single maturity bonds.
Prisoners sometimes determine a single good to be used as money. This good becomes
a. a medium of exchange and a unit of account. b. a medium of exchange, but not a unit of account. c. a unit of account, but not a medium of exchange. d. neither a unit of account nor a medium of exchange.