An Example of an Import of a Service in the U.S

question 267

Multiple Choice

An example of an import of a service in the U.S. balance of payments would be when

• A) an U.S. resident purchases a Japanese stereo.
• B) a Norwegian traveling in the United States rides a trolley car in San Francisco.
• C) a U.S. resident buying insurance from a firm in Toronto.
• D) a U.S. firm purchases 100 shares of a Dutch firm.

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Definitions:

Phosphate

Phosphate is a chemical compound containing phosphorus and oxygen, vital for many biological processes, including energy transfer and bone formation.

Teratogens

Agents or factors that cause malformation of an embryo or fetus, such as chemicals, viruses, and drugs.

Sex Chromosome

A type of chromosome involved in determining the sex of an organism, with the most common configuration being XX for females and XY for males in humans.

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA, which carry genetic information.