What effect does the following transaction have on the U.S. balance of payments?(Choose the proper debit and credit entries.) Colgate Inc (U.S.) receives profits from its foreign affiliates. Payment is made in U.S. dollars
a. Debit the U.S. financial account; credit the U.S. current account.
b. Credit the U.S. financial account; debit the U.S. current account.
c. Debit the U.S. financial account; credit the U.S. financial account.
d. Credit the U.S. financial account; debit errors and omissions.
.A
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The Coase theorem is the proposition that if property rights exist, the number of parties is small, and transactions costs are low
A) external costs result in deadweight losses. B) external benefits result in deadweight losses. C) private transactions are efficient. D) public transactions are efficient.
If the CPI is 150, the value of the dollar now compared to in the base period is
a. $1.50. b. $1. c. $0.67. d. $0.50.
Sue went to the store and milk was on sale so she was able to buy some cookies also. What is this an example of?
a. The Law of Demand b. The Law of Supply c. The Substitution Effect d. The Income Effect
As growth progresses and countries become richer, pollution tends to fall.
Answer the following statement true (T) or false (F)