Which of the following transactions would be excluded in the capital account?
a. A Japanese citizen purchases a U.S. Treasury bill.
b. A Japanese citizen purchases an office building in Manhattan.
c. A U.S. citizen purchases a share of stock from a Japanese company.
d. An American purchases a Toyota.
d
Economics
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If the cross price elasticity of demand between Los Angeles Lakers professional basketball tickets and Los Angeles Dodgers professional baseball tickets is positive, then the two goods are
A) substitutes. B) unrelated. C) complements. D) not related.
Economics
The choice of a voter to remain uninformed because the marginal cost of obtaining information is greater than the marginal benefit from obtaining knowledge is called:
A. irrational ignorance. B. rational ignorance. C. collective interest. D. choice.
Economics