A Chinese purchase of an American Boeing aircraft is recorded in the U.S. balance of payments as a:
A. positive entry in the financial and capital account.
B. positive entry in the current account.
C. negative entry in the financial and capital account.
D. negative entry in the current account.
Answer: B
You might also like to view...
As of late 2012, what was the all-time high price for an ounce of gold?
A) $1078 B) $1780 C) $7800 D) $14,163
According to Ricardo's explanation of land rent, what happens when the demand for land increases?
A) The supply curve shifts to the right just enough to keep the price per acre constant. B) Revenues to owners of land increase but economic rent declines. C) The amount of economic rent stays constant, constrained by a perfectly inelastic supply curve. D) Both revenues to owners of land and economic rent increase.
Which form of business organization accounts for the largest proportion of sales in the United States?
A. the subchapter S partner-based proprietorship. B. the proprietorship C. the partnership D. the corporation
The level of output at which all economies of scale have been exhausted is known as
A) constant returns to scale. B) optimal economic size. C) minimum efficient scale. D) the economically efficient output level.