Author Question: Which of the following will be recorded as a credit entry in the U.S. balance of trade in ... (Read 47 times)

tingc95

  • Hero Member
  • *****
  • Posts: 556
Which of the following will be recorded as a credit entry in the U.S. balance of trade in merchandise account?
 a. A U.S. car manufacturer selling a car to a resident of India.
  b. A French wine manufacturer selling wines to a distributor in Seattle.
  c. A U.S. investor investing in Japanese stocks.
  d. A U.S. steel manufacturer importing iron ore from Zambia.
  e. A U.S. resident buying diamonds from a diamond manufacturer in Kenya.

Question 2

Suppose a U.S. resident buys a car from a car maker in Japan. This transaction will:
 a. have a negative effect on Japan's balance of trade in merchandise.
  b. have a negative effect on the U.S. balance of trade in merchandise.
  c. have a positive effect on the U.S. balance of trade in merchandise.
  d. bring money into the United States.
  e. have no effect on Japan's balance of trade in merchandise.



Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

a

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

For a complete list of videos, visit our video library