Which statement(s) is/are TRUE? I. Money sent to the United Nations in New York by the United States is considered a transfer.
II) The purchase of Apple stock by German investors is considered income received.
III) A U.S. student's purchase of a restaurant meal in Spain while on vacation is considered a U.S. export.
A) I only
B) II only
C) I and II only
D) II and III only

Question

Quizplus · Accepted Answer

I is true because a transfer refers to money or resources leaving one country to be used in another country.
II is false because the purchase of Apple stock is not considered as income received, it is classified as a financial investment.
III is false because a U.S. student's purchase of a restaurant meal in Spain while on vacation is considered a service import for the U.S., not an export.

Which Statement(s) Is/are TRUE? I