Foreign direct investment-capital injections from abroad-can promote economic growth
a. True
b. False
Indicate whether the statement is true or false
True
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Assuming all excess reserves are loaned out, if the reserve ratio is 8 percent, the money multiplier will be equal to
A) 2. B) 8. C) 12.5. D) 16.67.
Encouraging international trade will
A) slow economic growth as many workers lose their jobs to foreign workers. B) speed economic growth as workers specialize and trade with others. C) speed economic growth because international trade limits the harm done by property rights. D) slow economic growth when a country is forced to specialize and trade with other countries. E) speed economic growth as workers diversify their knowledge and limit trade.
In the above figure, what is the marginal social benefit of the four-hundredth pretzel?
A) $0 B) $2.00 C) $3.00 D) $4.00
Suppose a monopolistically competitive firm's output where marginal revenue equals marginal cost is 66 units and the price corresponding to this quantity is $18. If the average total cost at this output is $16.55, then its total profit is
A) $1,188. B) $1,092.30. C) $95.70. D) $1.45.