Which of the following is included in the capital account in the BOP?
A) US-owned assets abroad
B) US-owned assets in the US
C) Unilateral transfers
D) All are included in the capital account.
A
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After experiencing its first budget surplus in 30 years in 1998, for how many consecutive years following that did the budget remain in a surplus state?
A) 1 B) 2 C) 3 D) 4
Which of the following statements is true about monopolistically competitive firms?
A) Like perfectly competitive firms, monopolistically competitive firms are not able to raise prices without losing all of their customers because they face competition from firms selling similar products. B) Unlike perfectly competitive firms, monopolistically competitive face perfectly inelastic demand curves. C) Like perfectly competitive firms, monopolistically competitive firms maximize their profits by setting price equal to marginal cost. D) Unlike perfectly competitive firms, monopolistically competitive firms are able to raise their prices without losing all of their customers.
Mexico has a comparative advantage in producing corn:
A. regardless of the opportunity cost in other countries. B. if its opportunity cost of producing corn is higher than the opportunity cost in other countries. C. if its opportunity cost of producing corn is lower than the opportunity cost in other countries. D. if its opportunity cost of producing corn is the same as the opportunity cost in other countries.
Price discrimination is always illegal
a. True b. False Indicate whether the statement is true or false