The best example of a market capitalist economy is:
A) Russia.
B) China before 1979.
C) Cuba.
D) the United States.
Ans: D) the United States.
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An example of a foreign direct investment (FDI) would include
A) a U.S. couple buying land for their dream retirement home in Costa Rica. B) a U.S. mutual fund manager buying shares of stock in a Brazilian oil company. C) a U.S. firm expanding its U.S. operations. D) a Chinese consumer buying an imported Japanese car. E) a wealthy Mexican buying U.S. Treasury bills.
Which of the following is NOT a true statement about the Lorenz curve?
A) The Lorenz curve includes both money income and income in kind. B) The Lorenz curve does not include unreported income obtained from the underground economy. C) The Lorenz curve does not consider different sizes of households. D) The Lorenz curve does not consider age differences among wage earners.