Which of the following transactions would be recorded as a credit in the U.S. current account?
a. A Japanese bank's purchase of IBM stock.
b. A Japanese consumer's purchase of an Apple computer.
c. An American tourist's payment to a Japanese hotel.
d. An American consumer's purchase of a Toshiba VCR.
b
You might also like to view...
The introduction of new technologies to production is ________ source of productivity improvement.
A. the only B. the least important C. no longer a D. the most important
What is the short-run industry supply curve in a perfectly competitive industry?
What will be an ideal response?
A monopoly might produce less than the socially optimal amount of pollution because
A) it likes to be a good citizen. B) it sets price above marginal cost. C) it earns economic profit. D) it internalizes the external costs.
The change in the quantity of aggregate output demanded depends on how much the aggregate expenditure line shifts, not on which spending component causes the shift
Indicate whether the statement is true or false