1. A debit item on the U. S. balance of payments is any transaction that a. results in a loss by U. S. sellers b. results in a loss by U. S. buyers c. makes foreigners use up their holdings of U. S. dollars d. makes U. S. dollars available to foreigners
2. The best example of a direct tax is a(n) a. excise tax b. liquor tax c. sales tax d. income tax