Some people refuse to buy Japanese cars because they believe it is anti-American. Others refuse to buy American cars because they believe that Japanese cars are superior. In this highly competitive market, the Mitsubishi Eclipse and Eagle Talon, which have identical engines, transmissions, bodies and paint, are a good example of
a. goods belonging to two separate markets
b. complementary goods
c. perfect competition
d. product differentiation
e. barriers to entry
D
Economics
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The purchase of less than 10 percent of the shares of ownership in a company in another country is known as
A) portfolio investment. B) an ineffective method for encouraging economic growth. C) foreign direct investment. D) a hostile takeover.
Economics
The quantity of items circulating in the economy that can be used as money is called
A) representative commodity money. B) the money supply. C) commodity money. D) fiat money.
Economics