Which of the following appears as a positive item on the balance of payments accounts for the United States?
A. U.S. government sending aid to natural-disaster victims in Asia
B. American tourists spending money in the other countries
C. The buying of U.S. Treasury bonds by a foreign bank
D. The payment of stock dividends by U.S. firms to foreign shareholders
C. The buying of U.S. Treasury bonds by a foreign bank
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Suppose that the United States decided to subsidize a major competitive effort by the semiconductor industry to bring to market the next generation computer chip. Under the current rules of the WTO and GATT, the U.S. effort is
A) allowed as long as the subsidies are a small percent of the total cost. B) allowed as long as the subsidies do not involve a direct payment to the industry. C) not allowed. D) neither allowed nor disallowed. E) allowed as long as the subsidies do not succeed in creating a new product.
An indirect flow of funds occurs when
A) funds flow from saver-lenders to borrower-spenders through financial intermediaries. B) funds flow from saver-lenders to borrower-spenders through financial markets. C) funds flow to saver-lenders from borrower-spenders through financial intermediaries. D) funds flow to saver-lenders from borrower-spenders through financial markets.
If two firms comprise the entire soft drink market, the market would be a(n)
a. Nash equilibrium. b. monopolistically competitive market. c. oligopolistically competitive market. d. duopoly.
The largest labor union in the United States is the
A) National Education Association. B) International Brotherhood of Teamsters. C) United Food and Commercial Workers International Union. D) Service Employees International Union.