The dollar has depreciated if it buys less of a foreign currency.
a. True
b. False
Indicate whether the statement is true or false
Answer: a. True
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Which of the following is a defining feature of a multinational firm?
a. It exports goods and services to foreign nations. b. It develops joint ventures with foreign firms. c. It owns and operates production facilities in more than one country. d. It employs agents in various countries to sell their products abroad. e. It holds patents on its products and services.
Frictional unemployment is:
A. short-term unemployment that is associated with the process of matching workers with jobs. B. the extra unemployment that occurs during periods of recession. C. the additional unemployment not captured in official statistics resulting from discouraged workers and involuntary part-time workers. D. the unemployment that results when people retire or leave the labor force.