Technical support provided by an Indian firm to a multinational company headquartered in New York is an example of a(n) ________

A) capital account transaction B) export of services by India
C) transfer payment to the U.S. D) import of services by India

B

Economics

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The price of imported oil decreased in 2001 . How did this affect the aggregate supply curve?

a. It became steeper. b. It became flatter. c. It shifted inward. d. It shifted outward.

Economics

A temporary decrease in the price of oil would be considered a:

A. long-run supply shock. B. demand shock. C. short-run supply shock. D. The changing price of oil would not affect any of these.

Economics