Explain 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.
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Explain where in the U. S. balance of payments an entry would be recorded for each of the following:...
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