All of the following would be considered a current account transaction EXCEPT the
A) importing of services.
B) exporting of goods.
C) importing of capital.
D) importing of goods.
C
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According to your textbook,
A) millions of people know how to make pencils, but only a few know how to use them. B) millions of people know how to make pencils, but nobody knows how to use them. C) no single person anywhere in the world knows how to make a pencil. D) no single person anywhere in the world knows how to use a pencil. E) none of the above.
If one really believes that price spikes known as "price gouging" are due to a surge in greed among suppliers, then
A) they haven't quite mastered the economic way of thinking. B) their comfort in knowing that thousands if not millions of others agree with them is not sufficient economic evidence to conclude that their claim is correct. C) their claim implies that significant price decreases are due to a sudden reduction in greed among suppliers. D) all of the above are true.