Which of the following sentences about the benefits of foreign investment is true?
a. Foreign investment is invited only in labor-intensive industries.
b. Foreign investment has more effect on employment in developing countries.
c. Most expenditures on research and development are made by the major developing countries.
d. The ability of foreign firms to utilize modern technology in a developing country depends on having a supply of engineers and technical personnel in the host country.
e. Foreign investment will improve balance of payments if the foreign investment is used to produce goods primarily for domestic consumption.
d
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Positive statements can be evaluated using data alone, but normative statements cannot
a. True b. False Indicate whether the statement is true or false
Suppose a firm has a monopoly on the sale of widgets and faces a downward-sloping demand curve. When selling the 100th widget, the firm will always receive
a. less marginal revenue on the 100th widget than it received on the 99th widget. b. more average revenue on the 100th widget than it received on the 99th widget. c. more total revenue on the 100 widgets than it received on the first 99 widgets. d. a lower average cost per unit at 100 units of output than at 99 units of output.