The balance of payments account which records foreign investment in the United States and U.S. investments abroad is the
A) capital and financial account.
B) current account.
C) official settlements account.
D) None of the above because foreign investment in the United States is included in one account and U.S. investment abroad is included in another account.
A
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Which of the following is not a commonly-advanced argument for trade restrictions?
a. the jobs argument b. the national-security argument c. the infant-industry argument d. the efficiency argument
Which of the following is true for perfect competition, monopolistic competition, and monopoly?
A. The product of all firms is homogeneous. B. Firms will earn zero economic profits in the long run. C. Short-run profits are maximized when marginal cost equals marginal revenue. D. Price is greater than marginal cost at the profit-maximizing quantity.
Which would make it easier to maintain an effective collusive agreement in a cartel?
A. The emergence of a number of potential entrant firms. B. A new method of pricing that makes it more difficult for firms in the cartel to determine the prices at which other cartel members are selling their product. C. A decrease in the elasticity of demand for the cartel's product. D. An increase in the number of substitutes for products produced by the cartel.
Refer to Figure 29-1. The appreciation of the euro is represented as a movement from
A) B to C. B) D to C. C) A to C. D) D to A. E) A to B.