Greg, a U.S. citizen, opens an ice cream store in Bermuda. His expenditures are U.S
a. foreign portfolio investment that increase U.S. net capital outflow.
b. foreign portfolio investment that decrease U.S. net capital outflow.
c. foreign direct investment that increase U.S. net capital outflow.
d. foreign direct investment that decrease U.S. net capital outflow.
c
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In what way or ways can strategies more complicated than simple actions?
a. They can be conditioned on a first mover's action. b. They can involve random choices. c. Both a and b. d. Neither a or b.
An allocation of resources is Pareto efficient if it is:
A. possible to make at least one consumer better off without making someone else worse off. B. possible to make all consumers better off. C. impossible to make any consumer better off without making someone else worse off. D. impossible to make any consumer better off without making everyone worse off.