The capital account of the balance of payments consists of
A. the long-term transactions that we conduct with foreigners.
B. all the goods and services produced during the current year, which we buy from or sell to foreigners.
C. the interest, dividends, and profits that the U.S. collected from foreign investments less what U.S. firms paid foreign investors.
D. None of these statements are true.
A. the long-term transactions that we conduct with foreigners.
You might also like to view...
The law of diminishing marginal utility states that
A) the extra satisfaction from consuming a good decreases as more of a good is consumed, other things constant. B) when the extra satisfaction from consuming a good becomes negative, total utility starts falling, other things constant. C) eventually total utility falls as more of a good is consumed, other things constant. D) the extra satisfaction from consuming a good increases slowly as more of a good is consumed, other things constant.
The effect of trade on specialized employees of import-competing industries will be ________ jobs and ________ pay because they are relatively ________
A) fewer; lower; immobile B) fewer; lower; mobile C) more; lower; immobile D) more; higher; mobile E) more; higher; immobile
If the initial deposit into the banking system is $500 billion, and if the total $8,000 billion represents the maximum money supply permissible, then the potential money multiplier must be
a. 8 b. 8.3 c. 11 d. 16 e. 20
List and describe the four components of GDP.
What will be an ideal response?