Which of the following is not a credit item (+) in the U.S. balance of payments?
a. imports of cars from Japan
b. any transaction that results in an inflow of dollars
c. a capital outflow
d. a U.S. firm's purchase of steel from a European steel mill
e. an increase in American vacations abroad
B
Economics
You might also like to view...
Consider the cash/spot and futures corn market transactions above. What are gross gains disregarding broker commissions and storage costs?
A. 10 cents per bushel B. 20 cents per bushel C. 30 cents per bushel D. Loss of 20 cents per bushel
Economics
Based on Table 4.1, according to the Stolper-Samuelson Theorem, the income distribution effects of free trade in the United States are likely to favor
A) capital. B) labor. C) either capital or labor, depending on U.S. productivity. D) neither capital nor labor. E) Not enough information to tell.
Economics