If we compare income percentages of total income of the lowest quintile in 1968 with 2008, we would find that it was
A. rising.
B. staying about the same.
C. falling.
C. falling.
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A U.S. mutual fund buys stock issued by a corporation in Colombia. A U.S. grocery store chain builds and manages a new warehouse in Honduras. Which one(s) of these is foreign direct investment? Which one(s) would be taken into account when computing U.S. net capital outflows?
A weaker U.S. dollar in world exchange markets means that
A. Foreigners buy the dollars that they have. B. A dollar buys more units of foreign currency than it could before. C. A dollar buys less units of foreign currency than it could before. D. A dolar buys the same amount of foreign currency than it could before, with gold backing up the value of the dollar.
A horizontal merger is one in which the merging firms:
A. are about the same size. B. produce the same good in the same industry. C. will control greater than 50 percent of the market. D. have never directly competed in the past.
For this question, assume that the production function exhibits the same characteristics as those presented in the textbook. Based on these characteristics (i.e., assumptions), successive and equal increases in capital per worker will cause which of the following to occur?
A) Output per worker will decline. B) Output per worker will not change. C) Output per worker will increase by a constant amount. D) Output per worker will increase by a larger amount. E) none of the above