Sam, a U.S. citizen, buys bonds issued by a Greek company that bottles olives. Sam's purchase is

a. foreign direct investment. By itself it increases U.S. net capital outflow.
b. foreign direct investment. By itself it decreases U.S. net capital outflow.
c. foreign portfolio investment. By itself it increases U.S. net capital outflow.
d. foreign portfolio investment. By itself it decreases U.S. net capital outflow.


c

Economics

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The above table shows the marginal benefits and costs from production of fertilizer. There are no external benefits. The efficient level of output is

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