Which of the following transactions represents a credit on the financial account of the U.S. balance of payments?
A. Oil is imported from Venezuela
B. United States firms pay dividends to foreigners
C. United States citizens purchase foreign securities
D. A Canadian firm increases its direct investment in its U.S. branch
D. A Canadian firm increases its direct investment in its U.S. branch
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The "Okies" were associated with each of these EXCEPT
A. the Dust Bowl. B. John Steinbeck's The Grapes of Wrath. C. the Great Depression. D. the rust belt.
The production possibilities frontier is used by economists to depict
A) the strictly financial costs of production. B) the opportunity costs of production. C) the strictly financial benefits of production. D) the opportunity benefits of production.
The multiplier effect is exemplified by the multiplied impact on
a. the money supply of a given increase in government purchases. b. tax revenues of a given increase in government purchases. c. investment of a given increase in interest rates. d. aggregate demand of a given increase in government purchases.
Discuss the criticisms leveled against the Aid to Families with Dependent Children program.
What will be an ideal response?