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Author Question: Suppose IBM purchases a factory in Japan. This purchase is entered into which of the balance of ... (Read 118 times)

londonang

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on: Jun 29, 2018
Suppose IBM purchases a factory in Japan. This purchase is entered into which of the balance of payments accounts?
 
  A) capital and financial account
  B) official settlements account
  C) trade account
  D) purchases account
  E) current account

Question 2

In the United States, which factor of production earns the largest share of the nation's total income?
 
  What will be an ideal response?


Cheesycrackers

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

The largest fraction of the nation's total income is earned by labor. In the United States, wages paid to labor account for about 69 percent of the nation's total income.


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