Determine whether each of the following is an example of an import, export, financial inflow, or financial
Question:
Determine whether each of the following is an example of an import, export, financial inflow, or financial outflow. If it is a financial flow, is it an example of foreign direct investment or of portfolio investment?
a. Tesla began building a factory dedicated to large-scale production of batteries in Shanghai.
b. A German business pays an American consultant for financial advice.
c. A U.S. family spends $2,000 on hotels and meals while taking a vacation in London.
d. U.S. oil refineries purchased US$53 billion of crude petroleum from Canadian oil companies.
e. You sell a hand-knitted scarf on Etsy to a woman who lives in France.
f. A saver in Mexico purchases $100 in U.S. government bonds.
Step by Step Answer:
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers