A British grocery chain uses previously obtained U.S. dollars to purchase oranges from the United States. This transaction
a. increases British net capital outflow, and increases U.S. net exports.
b. increases British net capital outflow, and decreases U.S. net exports.
c. decreases British net capital outflow, and increases U.S. net exports.
d. decreases British net capital outflow, and decreases U.S. net exports.
c
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Which of the following is TRUE about the labor force?
A) It includes those over 16 ages old and are employed. B) It includes those over 16 ages old and are unemployed. C) Both A and B are correct. D) None of the above is correct.
An inelastic demand indicates that
A) quantity demanded does not vary with changes in the price. B) relatively small changes in price lead to relatively large changes in quantity demanded. C) relatively large changes in price are required to obtain a relatively small change in quantity demanded. D) relatively large changes in quantity demanded lead to relatively large changes in price.