A Turkish company exchanges liras for dollars and then uses the dollars to purchase medical equipment from a U.S. company. These transactions
a. increase U.S. net exports, and increase Turkish net capital outflow.
b. increase U.S. net exports, and decrease Turkish net capital outflow.
c. decrease U.S. net exports, and increase Turkish net capital outflow.
d. decrease U.S. net exports, and decrease Turkish net capital outflow.
b
You might also like to view...
A competitive firm is producing 1,000 units of output with average total cost equal to $35 and marginal cost equal to $40 . Can the market in which this firm operates be in a long-run equilibrium? Briefly explain
If a market is contestable, then
A. long-run economic profits are minimal due to inefficiency. B. long-run economic profits are zero. C. short-run and long-run economic profits are zero. D. positive economic profits are maximized due to the efficient production spurred by the threat of entry.