Which of the following transactions would be recorded as a credit in the U.S. current account?
a. A Japanese bank's purchase of IBM stock.
b. A Japanese consumer's purchase of an Apple computer.
c. An American tourist's payment to a Japanese hotel.
d. An American consumer's purchase of a Toshiba VCR.
b
Economics
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The use of bank loans to finance purchases of plant and equipment is most common in which of the following countries?
A) Germany B) Japan C) United States D) United Kingdom
Economics
In the late 1980s, the health benefits of oat bran were widely advertised. If the price of oats increased 50%, causing the quantity of oats supplied to increase by 40%, then the price elasticity of supply was
A) 1.25. B) -1.25. C) -0.80. D) 0.80.
Economics