Which of the following will be recorded as a debit entry in the balance of trade in merchandise account?
a. A U.S. car manufacturer selling a car to a resident of India.
b. A pub owner in Liverpool importing vodka from a U.S. manufacturer.
c. A U.S. textile manufacturer buying rawmaterial from farmers in Indonesia.
d. A Chinese car manufacturer importing car engines and other spare parts from a U.S. manufacturer.
e. A fashion designer from Michigan exporting readymade garments to a dealer in Copenhagen.
c
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Explain the differences between "human capital," "financial capital," and "capital."
What will be an ideal response?
The figure illustrates the market for bagels. If the number of bagels is cut from 20 to 10 an hour, the deadweight loss is ________
A) $0.50 a bagel B) -$5.00 an hour C) $0 an hour D) $5.00 an hour
The Lorenz curve graphs the
A) cumulative percentage of spending against the cumulative percentage of households. B) marginal percentage of income against the marginal percentage of households. C) cumulative percentage of income against the cumulative percentage of households. D) cumulative percentage of spending against the marginal percentage of households.
How is a firm's vertical scope determined?