Which of the following would increase the current account balance of the United States?
A) an increase in the balance of trade
B) an increase in imports
C) an increase in the amount of income U.S. companies pay out to foreigners who own investments in the United States.
D) an increase in the amount of money the U.S. government sends in foreign aid to other countries
A
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Use the following table for a certain product's market in Marketopia to answer the next question.Quantity Demanded DomesticallyPriceQuantity Supplied Domestically1,400$102,2001,60092,0001,80081,8002,00071,6002,20061,4002,40051,200If the world price for this product is $6, then domestic producers in Marketopia would lose revenue equal to
A. $6,000. B. $14,400. C. $8,400. D. $2.
A natural oligopoly can form
A) if there are economies of scale. B) only if firms sell a differentiated good. C) only if firms sell a homogeneous good. D) if there is only one firm in the industry.
Transactions costs are defined to be the:
A. costs a buyer or seller incurs to make a transaction take place. B. taxes they pay when purchasing a good or service. C. fees they are charged if they purchase a good or service on credit. D. costs a buyer faces if they re-sell a good or service.
Unlimited liability is a distinct advantage of the proprietorship
a. True b. False Indicate whether the statement is true or false