Am example of an import of a service in the U.S. balance of payments would be when

A) an U.S. resident purchases a Japanese stereo.
B) a Norwegian traveling in the United States rides a trolley car in San Francisco.
C) a U.S. resident buying insurance from a firm in Toronto.
D) a U.S. firm purchases 100 shares of a Dutch firm.

Answer: C) a U.S. resident buying insurance from a firm in Toronto.

Economics

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An increase in the domestic interest rate causes the demand for domestic assets to ________ and the domestic currency to ________, everything else held constant

A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate

Economics

A profit maximizing firm will hire additional workers until

A) the additional cost associated with hiring the last worker equals the average wage rate of the workers. B) the additional cost associated with hiring the last worker equals the additional revenue generated by that worker. C) the extra revenue generated by the last worker hired equals zero. D) the extra cost associated with hiring the last worker equals the price of the good produced.

Economics