A credit in the U.S. balance of payments occurs when
a. U.S. companies sell merchandise abroad.
b. foreign companies sell merchandise to U.S. consumers.
c. U.S. consumers send money to foreign companies.
d. immigrants to the United States send presents of money back to their families in their native countries.
a. U.S. companies sell merchandise abroad.
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In Figure 4-16, an increase in the number of producers will shift supply from
A. S1to S2. B. S2to S1. C. S3to S2. D. S3to S1.
Define the normal rate of return. If a business has fairly steady revenues and the future looks secure, what should the normal rate of return equal? Why?
What will be an ideal response?
Technological spillover ________
A) is made possible by the nonrivalry of ideas B) generates an increase in both capital and labor C) is caused by population growth D) is caused by population decline
Figure 21-1
In Figure 21-1, if the existing antipoverty program were replaced by a negative income tax, most economists believe that it would result in a move like which of the following?
A. C to F B. A to B C. D to E D. G to D