In the balance of payments, any transaction that leads to a receipt by a resident of a country or its government is a(n)

The sticky-wage theory of the short-run aggregate-supply curve says that when the price level is higher than expected,

a) relative to prices wages are lower and employment rises. b) relative to prices wages are higher and employment rises. c) relative to prices wages are higher and employment falls. d) relative to prices wages are lower and employment falls.

In spite of having no natural resources, a country like _____ was able to make itself one of the wealthiest countries in the world because it allowed private ownership

a. India b. Poland c. Hungary d. Hong Kong e. China