Trade among parent and affiliates engaged in different stages of production shows that foreign direct investment and trade can sometimes be complements.

Tourism requires the actual movement of currency notes while investment in international bank deposits does not

a. True b. False Indicate whether the statement is true or false

Comparing marginal revenue to marginal cost (i) reveals the contribution of the last unit of production to total profit. (ii) is helpful in making profit-maximizing production decisions. (iii) tells a firm whether its fixed costs are too high

a. (i) only b. (i) and (ii) only c. (ii) and (iii) only d. (i) and (iii) only