Discussion:
Firms hurt by lower priced imports typically argue that restricting trade will save U.S. jobs. What's wrong with this argument? Are there ever any reason to support such trade restrictions?
( Balance of Payments) Expalin where in the U.S. balance of payments an entry would be recorded for each of the following.
A. A Hong Kong financier buys some U.S. corporate stock
B. A U.S. tourist in Paris buys some perfume to take home.
C. A Japanese company sells machinery to a pineapple company in Hawaii.
D. U.S. farmers gave food to starving children in Ethiopia.
E. The U.S. Treasury sells a bond to a Saudi Arabian Prince.
F A.U.S tourist flies to France on Air France.
G. A U.S. company sells insurance to a foreign firm.