Economics is a

A citizen of the U.S. buys a factory in London. This is an example of a(n) ________

A) foreign portfolio investment B) export by the U.S. C) foreign direct investment D) import by the U.S.

The above figure shows the market for winter jackets. In an effort to keep the nation warm, the president places a price ceiling of $100 in the market for winter jackets. What would be the maximum price someone would pay in the black market?

A) $100 per jacket B) $120 per jacket C) $130 per jacket D) $90 per jacket E) $140 per jacket