Which of the following transactions would be included in the U.S. balance of payments?
a. A U.S. resident buys a bus ticket from Dallas to El Paso, Texas.
b. U.S. manufacturers sell thousands of cars to Canadian buyers.
c. A U.S. resident pays a fee to obtain a passport to travel abroad.
d. Canadian oil companies pay a Dutch firm to design an oil pipeline.
b. U.S. manufacturers sell thousands of cars to Canadian buyers.
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How have government policies and programs affected the volatility of the business cycle in the United States since 1950? Explain and provide at least two specific examples of policies or programs that may have had an impact
What will be an ideal response?
Sound business decision making requires a firm understanding of both microeconomic and macroeconomic concepts
Indicate whether the statement is true or false
Figure 3-6
In , suppose D1 and S1 indicate initial conditions in the market for ice cream. Which of the following changes would tend to cause a shift from S1 to S2 in the market for ice cream?
a.
an increase in the price of sugar, an ingredient used to produce ice cream
b.
a decrease in the price of frozen yogurt, a substitute for ice cream
c.
abnormally hot weather that temporarily increases consumer desire for ice cream
d.
a decrease in the price of milk, an ingredient used to produce ice cream
Credit cards are considered to be part of the money supply.
Answer the following statement true (T) or false (F)