Which of the following is a credit item (+) in the U.S. balance of payments?
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.
e. Immigrants to the United States send presents of goods back to their families in their native countries.
A
You might also like to view...
The basic reason that a competitive unregulated market produces an inefficient amount of a good with an external cost is because
A) producers cannot measure marginal social cost. B) producers do not pay the external cost. C) the general public does not care about external costs. D) external costs are not a political issue. E) the external cost is paid by consumers rather than producers.
One proposal is to index social security payments
a. to the CPI minus half a percentage point to correct for the CPI's overstatement of inflation. b. to the CPI plus half a percentage point to correct for the CPI's overstatement of inflation. c. to the CPI minus half a percentage point to correct for the CPI's understatement of inflation. d. to the average tax rate that social security recipients face. e. to the average increase in the CPI over the last five years.
Public choice analysis indicates that elected political officials will find debt financing
a. unattractive because voters will recognize that excessive debt will lead to the future collapse of the economy. b. attractive because countries with a higher debt to GDP ratio generally grow more rapidly. c. unattractive because both politicians and voters will recognize that a larger outstanding debt will mean higher future taxes. d. attractive because current spending can provide voters with highly visible goods, services, and transfer payments, while borrowing will push the most visible cost of this spending into the future.
Which of the following is an example of a job that illustrates why wages differ due to education?
a. an attorney b. a file clerk c. a cashier d. a fast food cook