The payment of a dividend by a foreign company to an American stockholder represents
A) a debit in the U.S. capital account.
B) a credit in the U.S. current account.
C) a credit in the U.S. official reserve account.
D) a debit in the U.S. current account.
B
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Which of the following would shift the supply curve for MP3 players to the right?
A) a decrease in the number of firms that produce MP3 players B) an increase in the price of a substitute in production C) a decrease in the price of an input used to produce MP3 players D) an increase in consumer income (assuming that all MP3 players are normal goods)
The costs in time and effort incurred by people and firms who are trying to minimize their holdings of cash because of inflation are called
A) menu costs. B) shoe leather costs. C) transactions costs. D) imperfect competition costs.