Gabriela lives in Panama City and is a Panama citizen. She has several friends in the United States who own shares in a toy manufacturer called Imaginex that is set up as an S-corporation. Gabriela would like to invest in this company. Gabriela: Group of answer choices can become a shareholder, but cannot participate in the day-to-day management of the business. can invest in this company, but must pay income tax on her share of the company’s monthly profits in both the United States and Panama. needs approval from the Panama government before she can invest in Imaginex. cannot become a shareholder since she is neither a citizen nor a permanent resident of the United States.

Ange in supply or (ii) a movement along the supply curve. a. during a real estate boom that causes house prices to rise, more homeowners put their houses up for sale. b. many strawberry farmers open temporary roadside stands during harvest season, even though prices are usually low at that time. c. immediately after the school year begins, fewer young people are available to work. fast-food chains must raise wages, which represent the price of labor, to attract workers. d. many construction workers temporarily move to areas that have suffered hurricane damage, lured by higher wages. e. since new technologies have made it possible to build larger cruise ships (which are cheaper to run per passenger), caribbean cruise lines have offered more cabins, at lower prices, than before. 2. in the following three situations, the market is initially in equilibrium. after each event described below, does a surplus or shortage exist at the original equilibrium price? what will happen to the equilibrium price as a result? a. in 2010 there was a bumper crop of wine grapes. b. after a hurricane, florida hoteliers often find that many people cancel their upcoming vacations, leaving them with empty hotel rooms. c. after a heavy snowfall, many peop