When a Japanese company buys a U.S. software company, this transaction will be a:
A. Credit on the current account of the U.S. balance of payments
B. Debit on the current account of the U.S. balance of payments
C. Credit on the financial account of the U.S. balance of payments
D. Debit on the financial account of the U.S. balance of payments
C. Credit on the financial account of the U.S. balance of payments
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A good or service or a resource is excludable if
A) it is possible to prevent someone from enjoying its benefits. B) it is not possible to prevent someone from enjoying its benefits. C) its use by one person decreases the quantity available for someone else. D) its use by one person does not decrease the quantity available for someone else.
If a perfectly competitive firm experiences a permanent increase in demand, profits will become negative in the short run, and in the long run adjustment some firms would exit from the market, causing the supply curve to shift inwards
Indicate whether the statement is true or false