Suppose you own some German government bonds that pay you interest every year. This interest is entered into which of the balance of payments accounts?

Specific tariffs are

A) import taxes stated in specific legal statutes. B) import taxes calculated as a fixed charge for each unit of imported goods. C) import taxes calculated as a fraction of the value of the imported goods. D) the same as import quotas. E) import taxes calculated based solely on the origin country.

The table below shows the number of labor hours required to produce one gallon of wine and one pound of cheese in the United States and France. If the United States and France engage in free trade with each other, the international price of cheese will lie between ________ and Labor hours to make:In the United StatesIn France1 gallon of wine4.001.001 pound of cheese1.002.00 

A. two gallons of wine per pound; four gallons of wine per pound. B. 0.5 gallon of wine per pound; one gallon of wine per pound. C. 0.25 gallon of wine per pound; two gallons of wine per pound. D. one gallon of wine per pound; four gallons of wine per pound.