Suppose IBM purchases a factory in Japan. This purchase is entered into which of the balance of payments accounts?
A) capital and financial account
B) official settlements account
C) trade account
D) purchases account
E) current account
A
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An example of a frictionally unemployed individual is
a. Sylvia, who quit her job to spend more time with her children b. Rod, the lifeguard, who cannot find a job because the temperature is too low in October c. Ileana, a college student who quits her job to return to school d. Steve, an individual does not have skills to keep his job as an aerospace engineer e. Samantha, who quits her job to look for better one
In the context of technology transfer, light green technologies refer to
a. innovations that directly impact the environment b. technologies that indirectly affect the environment c. toxic chemical use substitution d. none of the above
Which of the following is a major reason for offshoring?
a. Increased global demand for services, b. Greater worldwide competition, c. The gradual diminishing of global technological advances, d. All of the above are reasons for offshoring.
Xavier’s country has 1 million acres of land it uses in farming. In contrast, Dominic’s country has 100 million acres of farmland. If each country uses irrigation techniques to add 100,000 acres of farmland, how will productivity in each country be impacted?
a. Neither Xavier’s nor Dominic’s country will experience an increase in productivity. b. Both Xavier’s and Dominic’s countries will experience a small increase in productivity. c. Dominic’s country will experience a relatively large increase in productivity, while Xavier’s country will experience a relatively small increase in productivity. d. Xavier’s country will experience a relatively large increase in productivity, while Dominic’s country will experience a relatively small increase in productivity.