Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Mia's opportunity cost of producing one hair pin is

The main measure of inflation is the ________________ computed and reported each month by the Bureau of Labor Statistics

a. Consumer Price Index b. Product Producer Index c. Consumer Confidence Survey d. New Homes Sales Matrix

A U.S. mutual fund buys stocks issued by a Columbian company. This purchase is an example of

a. U.S. foreign direct investment. It increases Columbia's net capital outflow. b. U.S. foreign direct investment. It decreases Columbia's net capital outflow. c. U.S. foreign portfolio investment. It decreases Columbia's net capital outflow. d. U.S. foreign portfolio investment. It increases Columbia's net capital outflow.