Refer to the given information. On the basis of its balance of payments position, and other things equal, we can expect the international value of Zippo's currency to:
The plus items below are “export-type” entries and the minus items are “import-type” entries in the balance of payments for the hypothetical country of Zippo.
A. increase.
B. decrease.
C. remain constant.
D. gyrate up and down.
C. remain constant.
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Leontief discovered a "paradox" in his test of the HOmodel for the United States. He expected the United States to export _____intensive goods and import _____ intensive goods; but his study indicated the reverse was TRUE.
a. land; technology b. labor; land c. capital; labor d. labor; capital
Which of the following would not be included in the expenditure category called investment expenditures?
A) a purchase of shares of preferred stock B) spending on new houses C) a purchase of a copy machine by FedEx Office D) the cars held in inventory on a local Ford dealer's lot