Which of the following would call for inpayments to the United States?
A. Gold flows into the United States.
B. U.S. firms sell insurance to Brazilian shippers.
C. The United States sends foreign aid to developing countries.
D. The United States imports German automobiles.
B. U.S. firms sell insurance to Brazilian shippers.
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The "crowding out" effect states that government spending pushes up interest rates and reduces private investment spending
a. True b. False Indicate whether the statement is true or false
The alternative combinations of final goods and services that could be produced in a given time period with all available resources and technology are known as
A. Nominal GDP. B. Production possibilities. C. Consumption possibilities. D. Real GDP.
Which of the following statements is true?
A) An increase in demand causes a change in equilibrium price; the change in price does not cause a further change in demand or supply. B) A decrease in supply causes equilibrium price to rise; the increase in price then results in a decrease in demand. C) If both demand and supply increase there must be an increase in equilibrium price; equilibrium quantity may either increase or decrease. D) If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.
China currently has a policy to subsidize grain production to keep farmers' income up. It sets a target price for the state purchase of the grains. Currently the price is higher than the world price. China's policy has led to:
a. Increases in the domestic stocks of grain b. Decreases in the state purchases of grain c. Shortages of grain in China d. Reduction of imported grain for the use in livestock feed e. a and d