Which of the following is an example of foreign direct investment?
A. Dr. Gareau, a French biologist, buys $5,000 worth of shares of Toyota.
B. Ford buys a controlling interest in Peugeot Citroën, a French automobile company.
C. Wells Fargo Bank buys $10 million worth of Bank of England T-Bills.
D. Ford motor company puts $10 million from its pension fund into a mutual fund containing shares of foreign companies.
Answer: B
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If disposable income rises from $15,000 to $20,000 and the marginal propensity to consume equals 0.9, then saving must increase by $500
a. True b. False Indicate whether the statement is true or false
Perfect income equality means:
A. everyone earns exactly what they're worth. B. everyone earns the exact same amount. C. people earn different amounts based on what they do, but everyone in the same job earns the same amount. D. everyone enjoys exactly the same standard of living.