Which of the following is a credit item (+) in the U.S. balance of payments?
a. U.S. companies sell merchandise abroad.
b. Foreign companies sell merchandise to U.S. consumers.
c. U.S. consumers send money to foreign companies.
d. Immigrants to the United States send presents of money back to their families in their native countries.
e. Immigrants to the United States send presents of goods back to their families in their native countries.
A
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It was more than a century ago that an engineer named Frederick Taylor walked into factories and starting timing workers with a stop watch. He dissected their movements, and organized them more efficiently
He turned factory production into a science. Suppose work was completed in the factory based on what the floor manager decided and workers were paid a base daily wage plus a bonus when they produced more than expected. How does this firm organize production? A) through the command system B) through the incentive system C) through the market system D) through a mixed command and incentive system
In the short run, a monopolistic competitor can
a. not earn an economic profit because of competition b. use limit pricing to reduce competition c. maximize profits by charging the highest price the market will bear d. earn an economic profit e. maximize profit by selecting the minimum efficient scale