Which of the following transactions would be included in service imports in the U.S. balance of payments?
a. A Chinese exporter sells toys to a toy retailer in the United States.
b. An American firm pays a Danish shipping company to transport products to Europe.
c. A European purchases a bond from the U.S. Treasury Department.
d. A U.S. resident buys a plane ticket from American Airlines for future travel to Mexico.
b. An American firm pays a Danish shipping company to transport products to Europe.
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The coupon rate is the:
A. regular payment of interest to a bondholder. B. interest rate promised when a bond is issued. C. maximum interest rate that can be paid on a bond. D. amount originally lent.
We define a monopoly as a market with
A) one supplier and no barriers to entry. B) one supplier with barriers to entry. C) many suppliers with no barriers to entry. D) many suppliers with barriers to entry. E) a few suppliers and barriers to entry.
A natural monopoly regulated with a marginal cost pricing rule results in
A) an economic loss for the regulated firm. B) an economic profit for the regulated firm. C) a normal profit for the regulated firm. D) a deadweight loss.
The table below shows the number of labor hours required to produce one umbrella and one bushel of corn in the United Kingdom and the rest of the world. The rest of the world has an absolute advantage in the production of Labor hours to make:In the United KingdomIn the Rest of the World1 umbrella3.002.001 bushel of corn1.000.25
A. only umbrellas. B. neither corn nor umbrellas. C. only corn. D. both corn and umbrellas.