When Americans build a factory in Costa Rica, the transactions associated with this factory are recorded in the ________ of the U.S. balance of payments
a. current account
b. capital account
c. balance of trade
d. export of services
e. none, because it does not involve U.S. dollars
B
Economics
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If a scale economy is the dominant technological factor defining or establishing comparative advantage, then the underlying facts explaining why a particular country dominates world markets in some product may be pure chance, or historical accident
Explain, and compare this with the answer you would give for the Heckscher-Ohlin model of comparative advantage.
Economics
Which of the following measures is associated with an expansionary fiscal policy?
a. lowering consumption b. lowering taxes c. lowering government purchases d. decreasing investments
Economics