Which of the following is a credit in the U.S. current account?
a. A U.S. consumer buys a TV made in Malaysia.
b. Singapore Airlines buys a jumbo jet made in the United States.
c. British investors purchase U.S. government bonds.
d. An American citizen flies to Lithuania on the Lithuanian Airlines.
Question 2
The benefits received principle would not work well in which of the following cases?
a. gasoline tax
b. national defense
c. taxing those people who use a private good
d. admission fees to a national park
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