Which of the following would call for an inflow of payments to the United States?
a. American imports of German steel
b. American firms selling insurance to British shipping companies
c. gold flowing out of the United States
d. American unilateral transfers to less-developed countries
Ans: b. American firms selling insurance to British shipping companies
You might also like to view...
Quotas and tariffs both
A) decrease deadweight loss. B) restrict foreign trade. C) cause a loss of revenue to domestic producers. D) lower prices on imported goods.
In the specific factors model, a country's production function is ________ because of ________
A) a straight line; diminishing marginal returns B) a curved line; diminishing marginal returns C) a straight line; constant marginal returns D) a curved line; constant marginal returns E) a curved line; a limited supply of labor