Which of the following is NOT a true statement?
A) It is unclear whether any of the decline in U.S. manufacturing employment can be attributed to Chinese growth.
B) China's growth has been beneficial to many countries.
C) China does not import many goods.
D) China had large trade surpluses.
C
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Because the applications for "diversity immigration" into the U.S. far exceed the quota every year, the slots are filled through:
A. An annual lottery B. A first-come-first-served system C. A bidding system, allocation through prices D. Political connections
Technical support provided by an Indian firm to a multinational company headquartered in New York is an example of a(n) ________
A) capital account transaction B) export of services by India C) transfer payment to the U.S. D) import of services by India
If the production possibilities frontier between two goods were a straight line, then the opportunity cost of one good in terms of another would be
A) constant. B) increasing. C) decreasing. D) zero. E) either constant, increasing, or decreasing but more information is needed to determine which.
What are the components of the two most frequently cited classifications of money?