An American tourist in the Netherlands buys tulips from a local producer. This is an example of a(n) ________ by the tourist
A) transfer payment B) import
C) export D) foreign direct investment
B
Economics
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One requirement for a firm pursuing a price-discrimination strategy is the ability to segment the market for its product. This means that
A) the firm must choose a marketing strategy that appeals to different segments of the economy. B) the firm must be able to divide the market in a way that makes arbitrage impossible. C) the firm must be willing to offer price discounts for senior citizens and children. D) the firm must set different prices for different regions where the product is sold.
Economics
Why do economists sometimes treat decision makers as boundedly rational?
Economics