U.S- based Dell sells computers to an Irish company that pays with previously obtained U.S. currency. This exchange
a. increases U.S. net capital outflow because the U.S. acquires foreign-owned assets.
b. decreases U.S. net capital outflow because the U.S. acquires foreign-owned assets.
c. increases U.S. net capital outflow because the U.S. sells capital goods.
d. decreases U.S. net capital outflow because the U.S. sells capital goods.
a
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Assuming the demand curve is downward sloping, as price increases, the price elasticity of demand for a good (in absolute value) and marginal revenue:
A) increase. B) stay the same. C) decrease. D) cannot be determined.
If you are using a 95% confidence interval and the absolute value of the t-statistic is larger than the critical value, then
A) we accept the null hypothesis at a 95% confidence level. B) we reject the null hypothesis at a 95% confidence level. C) we will be wrong less than 5% of the time if we accept the null hypothesis. D) we will be wrong 95% of the time if we reject the null hypothesis.
GDP is a good measure of:
A. relative living standards in various countries. B. relative prices in various countries. C. relative welfare in various countries. D. market activities at market prices.
Price elasticity of demand is the responsiveness of
A. demand for a good to a change in the demand for another good. B. demand to a change in income. C. the quantity demanded to a change in price. D. demand to a change in supply.