An example of a foreign direct investment (FDI) would include
A) a U.S. couple buying land for their dream retirement home in Costa Rica.
B) a U.S. mutual fund manager buying shares of stock in a Brazilian oil company.
C) a U.S. firm expanding its U.S. operations.
D) a Chinese consumer buying an imported Japanese car.
E) a wealthy Mexican buying U.S. Treasury bills.
A
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The ability of a firm or country to produce a good or service at a lower opportunity cost than other producers is called comparative advantage
Indicate whether the statement is true or false
What is the name of the mathematical result showing that no voting system can simultaneously satisfy the properties of unanimity, transitivity, independence of irrelevant alternatives, and no dictators?
a. The fundamental theorem of behavioral economics b. Arrow's impossibility theorem c. The fundamental theorem of voting d. The median voter theorem