A trade deficit can be financed by all of the following except
a. a surplus in the capital account.
b. a surplus in the official reserves transaction account.
c. selling U.S. assets to foreigners.
d. U.S. citizens buying foreign stocks and bonds.
D
Economics
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Tariffs reallocate income from
A) consumers to producers. B) producers to consumers. C) government to producers. D) consumers to foreigners. E) Both A and D.
Economics
Which of the following cost functions exhibits economies of scope when three (3) units of good one and two (2) units of good two are produced?
A. C = 5 + Q1Q2 + Q12Q22. B. C = 50 ? 5Q1Q2 + 0.5Q12 + Q22. C. C = 15 + 5Q1Q2 + 2Q1 + 4Q2. D. C = 10 + 4Q1Q2 + Q12 + Q22.
Economics