If the price of gloves increases, total expenditures on gloves will decline if
a. the demand for gloves is inelastic.
b. the demand for gloves is elastic.
c. the quantity of gloves purchased is unresponsive to changes in price.
d. there are few good substitutes for gloves.
B
Economics
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The purchase or building by a corporation of a facility in a foreign country is called
A) foreign direct investment. B) foreign capital depreciation. C) foreign portfolio investment. D) globally-directed investment.
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