When an American buys a factory in China, the transaction is registered a credit in the U.S. capital account.
Answer the following statement true (T) or false (F)
False
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Which of the following is true regarding the foreign holdings of U.S. dollars?
What will be an ideal response?
The best example of a perfectly competitive market would be the market for:
A. computers. B. shoes. C. grain. D. cameras.
Which is not a decision made by potential workers in the United States?
A. determining how to divide one's time between work and leisure B. choosing how much education to receive C. deciding which occupation to pursue D. choosing how much to produce to maximize firm profit E. deciding whether or not to participate in the labor force
Wine and cheese are complement goods because they are consumed together. What would you expect to happen to the equilibrium quantity of cheese if the price of wine increased and all else is held constant?
a. It would increase because of a supply shift. b. It would increase because of a demand shift. c. It would stay the same because of both a demand and a supply shift. d. It would decrease because of a supply shift. e. It would decrease because of a demand shift.