Which of the following transactions would be included in the U.S. balance of payments?
a. A U.S. resident buys a bus ticket from Dallas to El Paso, Texas.
b. U.S. manufacturers sell thousands of cars to Canadian buyers.
c. A U.S. resident pays a fee to obtain a passport to travel abroad.
d. Canadian oil companies pay a Dutch firm to design an oil pipeline.
b. U.S. manufacturers sell thousands of cars to Canadian buyers.
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When consumption spending is greater than disposable income, we know with certainty that we have
A) dissaving. B) negative net investment. C) excess thrift. D) positive savings.
Autonomous expenditure includes
A) consumption expenditure, investment, and net taxes. B) investment, government expenditure on goods and services, and exports. C) consumption expenditure, investment, and imports. D) investment, government expenditure for goods and services, and imports. E) consumption expenditures, investment, and exports.