Of the following, the one that appears in the current account of the balance of payments is
A) an Italian investor's purchase of IBM stock.
B) income earned by U.S. subsidiaries of Barclay's Bank of London.
C) a loan by a Swiss bank to an American corporation.
D) a purchase of a British Treasury bond by the Fed.
B
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Assuming all else equal, when the labor demand curve shifts to the left, ________
A) output falls B) unemployment falls C) inflation rises D) equilibrium wage rises
A free lunch (the absence of a tradeoff) when the production of a good is increased is possible for the entire economy only if
A) resources are used inefficiently. B) there is a movement along the PPF. C) prices are decreased. D) prices are increased. E) less of some product is produced.
Prior to the advent of MCI (later named Worldcom) the telecommunications industry largely relied on one kind of technology – the copper wire
Why do you suppose that the use of microwave technology employed by MCI offered an important challenge to the principle of natural monopoly that existed at the time justifying the reliance on one company – AT&T.
The tax brackets in a particular year are 10% on earnings up to $50,000, 20% on earnings from $50,001 to $100,000, 30% on earnings from $100,001 to $150,000, and 40% on earnings over $150,000. If Noelle earns $200,000 this year, what is her total tax?
a. $50,000 b. $65,000 c. $80,000 d. $81,000