Which of the following is not included in the balance of the financial account of the United States?
A) a purchase of GE stock by a firm in China
B) a purchase of a German brewery by the U.S. company, Budweiser
C) a purchase of Toyota stock by Ford
D) a purchase of U.S. car manufacturing plant by Toyota
E) a purchase of German legal services by Chase Manhattan Bank
E
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In mid-2012 Delta increased the price of a New York to LA ticket by 10 percent. As a result of this price hike, there was a ________ shift in the demand curve for a ticket on Continental because the price of a ________ had risen
A) rightward; complement B) leftward; substitute C) leftward; complement D) rightward; substitute
Comparative advantage is always a(n) ________ concept
A) absolute B) efficiency C) relative D) monetary
Suppose you know a piece of land will be worth $1 million (real) in 2025, and the real interest rate is 5%. About how much should you be willing to pay for the land today (20150)? (Assume no taxes)
a. $610,000 b. $1 million c. $1.89 million d. $230.000
Unilateral transfers involve money being sent abroad without any direct good or service being received.
Select whether the statement is true or false. A. True B. False