When a U.S. investor buys a bond issued in a foreign country,
A) the balance on the current account decreases. B) the balance on the capital account decreases.
C) the balance of trade decreases. D) the balance on the financial account decreases.
D
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The gambler's fallacy suggests that what happened in the past will influence the present. Suffering from the gambler's fallacy is most likely TRUE in which of the following situations?
A) flipping cards from a single deck B) tossing a fair coin C) the quality of play of a baseball team D) horse racing
Which of the following is an example of an antidumping duty?
A) A tariff is granted because foreign firms are selling below cost. B) A temporary tariff is granted to allow for adjustment of the domestic industry. C) A tariff is granted to an industry because foreign firms are subsidized by their governments. D) A tariff is granted to an industry because another nation persistently uses unfair trade practices.