Which of the following is not a credit item (+) in the U.S. balance of payments?
a. imports of cars from Japan
b. any transaction that results in an inflow of dollars
c. a capital outflow
d. a U.S. firm's purchase of steel from a European steel mill
e. an increase in American vacations abroad
B
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Define a budget set. Is it the same as a budget constraint?
What will be an ideal response?
A higher savings rate that leads to an increase in the capital stock
A) leads to higher interest rates. B) leads to increases in labor productivity. C) immediately decreases investment. D) is associated with a decrease in the rate of growth of the population.
Why is eradicating child labor seen as an economic investment?
What will be an ideal response?
An individual investor can reduce the risk of investing by selecting a bundle of different types of financial assets.
Answer the following statement true (T) or false (F)