An example of a credit item in the U.S. balance of payments would be
a. someone sending U.S. dollars to a relative overseas.
b. a British tourist spending money at a U.S. nightclub.
c. a U.S. tourist flying to Paris on the Concorde.
d. General Motors building a factory in Eastern Europe.
b. a British tourist spending money at a U.S. nightclub.
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Which of the following ensures that you'll find the goods and services that you're looking for?
A. Government and the rule of law B. Markets and banks C. Government and incentives D. Markets and incentives
A normal good is a good whose quantity demanded
A. rises when its price falls. B. falls when the price of a related good falls. C. falls when the consumer’s total utility rises. D. rises when the consumer’s real income increases.
Technological advancements have led to lower prices and an increase in the sale of digital cameras. How does this affect the digital photo printing paper market?
A) The demand curve for digital photo printing paper shifts to the left. B) The supply curve for digital photo printing paper shifts to the left. C) The supply curve for digital photo printing paper shifts to the right. D) The demand curve for digital photo printing paper shifts to the right.
Which of the following are TRUE of fixed payment loans?
A) The borrower repays both the principal and interest at the maturity date. B) Installment loans and mortgages are frequently of the fixed payment type. C) The borrower pays interest periodically and the principal at the maturity date. D) Commercial loans to businesses are often of this type.