Which of the following is (are) linked to (an) adverse supply shock(s)?
A) the terrorist attacks of 2001
B) collective bargaining that followed the termination of U.S. wage and price controls in 1973
C) the corporate scandals of 2002
D) all of the above
E) none of the above
B
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Before digital photography, most film processing companies had a policy of printing every picture on a roll of film and allowing customers to request a refund for pictures that were not clearly developed
The companies did this knowing that most customers did not ask for refunds. This was an example of consumers A) being overly optimistic about their future behavior. B) not making themselves aware of the policy regarding refunds. C) failing to ignore sunk costs. D) not taking nonmonetary opportunity costs into account.
What types of international transactions are recorded in the balance of payment accounts?
What will be an ideal response?