The supply of oil for users in the United States
a. was never an issue of serious public concern until the 1970s.
b. has never been an issue of serious concern by political leaders.
c. has often been a topic for dire warnings and forecasts of oil depletion.
d. has been more and more in doubt since the early 1980s.
C
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Unemployment and inflation are important determinants of short-run material welfare, whereas productivity growth is an important determinant of long-run material well-being
a. True b. False Indicate whether the statement is true or false
Suppose that an American opens and operates a candy factory in Finland. This is an example of
a. foreign direct investment. American saving is used to finance Finish investment. b. foreign direct investment. American saving is used to finance American investment. c. foreign portfolio investment. American saving is used to finance Finish investment. d. foreign portfolio investment. American saving is used to finance American investment.