One source of the supply of dollars in the world is
A) the purchase of U.S. exports by foreign residents.
B) the sale of U.S. domestic assets to foreigner residents.
C) U.S. imports of foreign merchandise.
D) U.S. sales of gold to foreigner residents.
C
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Recently, the financial crisis led to a bank run in
a. Brazil. b. Germany and France. c. Japan. d. England.
When quantity supplied is greater than quantity demanded, there is a ____________.
Fill in the blank(s) with the appropriate word(s).
In a prisoner's dilemma situation where firms are setting prices, the dominant strategy is always to charge the price that leads to maximum profits for all firms
a. True b. False Indicate whether the statement is true or false
If your competitors will follow your price cuts and ignore price hikes, your firm
A. faces perfect competition. B. faces a kinked demand curve. C. is the marginal price leader of an oligopoly. D. must be the most efficient firm in the industry.