Mark, a U.S. citizen, buys stock in a British Shipping company. This purchase is an example of
a. investment for Mark and U.S. foreign direct investment.
b. investment for Mark and U.S. foreign portfolio investment.
c. saving for Mark and U.S. foreign direct investment.
d. saving for Mark and U.S. foreign portfolio investment.
d
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Suppose that your personal valuation for a painting is $200 . Which auction format would induce you to bid more?
a. First price. b. Second price. c. You would bid the same in any format. d. Depends on the environment.
In the definition of marginal propensity to consume, propensity to consume refers to ______.
a. the amount of extra taxes someone pays as a result of extra income b. the total income someone receives, including any extra income c. the additional amount of disposable income someone receives d. the amount of additional income spent on consumer goods and services