Which of the following is one of the main reasons why China has recently received large amounts of foreign direct investment?
a. The prospect that multinational firms have of selling to the massive Chinese market
b. The lack of environmental standards under the communist government of China
c. The prospect of using forced child labor for cheaper production in this country
d. The relative strength of the Chinese currency, which makes any investment there worthwhile
e. The advanced southeast Asian highway system, which makes transportation extremely efficient
a
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Suppose the price of a scooter is $200 and Cora Lee is willing to pay $250. Cora Lee's
A) consumer surplus from that scooter is $200. B) consumer surplus from that scooter is $50. C) marginal benefit from that scooter is $100. D) consumer surplus from that scooter is $150. E) consumer surplus from that scooter is $250.
The delay between when a problem occurs and when it is recognized is referred to as the
A) recognition lag. B) action lag. C) effectiveness lag. D) policy lag.