When Tesla, a U.S. company, purchases Italian-made Pirelli tires for its automobiles, the purchase is
A) neither an export nor an import for either country.
B) both a U.S. and an Italian import.
C) a U.S. export and an Italian import.
D) a U.S. import and an Italian export.
D
You might also like to view...
Money is "created" when
A. a depositor deposits money at the bank. B. people use money to pay for stuff they buy from one another. C. someone lends money to a friend or a family member. D. a bank grants a loan to a customer.
External debt is that portion of the national debt:
a. held by private investors. b. held by the Federal Reserve. c. that the United States does not intend to repay. d. held by foreigners.
Which of the following statements best describes the Phillips curve from a Keynesian viewpoint?
a. From a Keynesian viewpoint, the Phillips curve should slope down so that higher unemployment means lower inflation. b. From a Keynesian viewpoint, the Phillips curve should slope down so that lower unemployment means lower inflation. c. From a Keynesian viewpoint, the Phillips curve should slope down so that higher unemployment means higher inflation. d. From a Keynesian viewpoint, the Phillips curve should slope down so that lower unemployment means higher inflation.
Moe divides his time between studying Physics and studying Economics. His production possibilities curve for his final grade in each class is shown in the accompanying figure.
If Moe moves from Point A to point C, his grade in Physics will go down by ________ his grade in economics.
A. more than the decrease in B. more than the increase in C. less than the decrease in D. less than the increase in