What best describes the impact of the cotton gin?
a. A decrease in the price and an increase in the quantity of cotton.
b. An increase in the price and a decrease in the quantity of cotton.
c. Decreases in both the price and quantity of cotton.
d. Increases in both the price and quantity of cotton.
a. A decrease in the price and an increase in the quantity of cotton.
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The two most important developments in global capital markets over the last few decades are
A) the growth in FDI within developed countries and private capital flows to emerging economies. B) the growth in FDI to emerging economies and private capital flows within developed countries. C) the growth of cross-border mergers and acquisitions and the stabilization of exchange rate regimes. D) the growth of cross-border mergers and acquisitions and private capital flows within developed countries.
Juanita has just started a business and is using her personal car to deliver goods. The use of her car is an example of
A) an explicit cost to the business. B) an implicit cost to the business. C) financial capital. D) interest.