91. The term “foreign direct investment” (FDI) refers to:
a) Investment made by foreign individuals in domestic financial markets
b) Investment made by domestic individuals in foreign financial markets
c) Investment made by foreign companies in domestic businesses
d) Investment made by domestic companies in foreign businesses
92. The term “import substitution” refers to:
a) The practice of importing goods to meet domestic demand
b) The practice of substituting domestic goods for imported goods
c) The practice of exporting goods to meet domestic demand
d) The practice of promoting international trade through imports
93. The term “economic growth” refers to:
a) An increase in the overall level of prices in an economy
b) An increase in the production of goods and services in an economy
c) An increase in the population of an economy
d) An increase in the level of unemployment in an economy
94. The term “inflation rate” measures:
a) The rate at which the population is growing in an economy
b) The rate at which the overall level of prices is increasing in an economy
c) The rate at which the government is spending in an economy
d) The rate at which the unemployment is decreasing in an economy
95. The term “deflation” refers to:
a) An increase in the overall level of prices in an economy
b) A decrease in the overall level of prices in an economy
c) An increase in the rate of economic growth in an economy
d) A decrease in the rate of economic growth in an economy
