The colonies as a whole had a significant commodity import deficit in their trade with England. The least important source of foreign exchange earnings to offset this trade deficit was:
a. insurance charges and merchant commissions.
b. the sale of ships.
c. the sale of colonial shipping services.
d. payment for slaves.
d. payment for slaves.
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Refer to the scenario above. Plutoland's financial account reported a balance of ________ for the year
A) -$4 billion B) $14 billion C) -$10 billion D) $10 billion
A tax rate cut, increase in government purchases, and creating an investment tax credit would shift: a. only the aggregate demand curve
b. only the aggregate supply curve. c. both the aggregate supply and aggregate demand curves. d. neither the aggregate supply nor the aggregate demand curve.
If the U.S. government imposed a tariff on imported steel, it would be expected that
A. the quantity of steel used in the United States would decrease. B. the quantity of steel imported would be reduced. C. the price of steel would rise. D. All of the choices are true.
The interest rate that the Fed charges banks for loans to them through the traditional channel is called:
A. The discount rate B. Interest on reserves C. The federal funds rate D. The prime rate