Refer to Figure 22-4. Many countries in Africa strongly discouraged and prohibited foreign direct investment in the 1950s and 1960s. By doing so, these countries were essentially preventing a moment from

Other things being equal, if you took money out of your demand deposit account and put it in a savings deposit account:

a. M1 would increase and M2 would increase. b. M1 would increase but M2 would not change. c. M1 would decrease and M2 would decrease. d. M1 would fall but M2 would not change.

Recent estimates of the elasticity of demand for cigarettes by adults

A. shows that it has remained remarkably constant, despite the existence of e-cigarettes. B. shows that it has increased by only a small (and insignificant) amount. C. shows that it has declined markedly, in part because of the existence of e-cigarettes. D. shows that it has increased markedly, in part because of the existence of e-cigarettes.