Problem: (Balance of Payments) Explain where in the U.S. balance of payments an entry would be made for each of the following:
1. A Hong Kong financier buys some U.S. corporate stock.
2. A U.S. tourist in Paris buys some perfume to take home.
3. A Japanese company sells machinery to a pineapple company in Hawaii.
4. U.S. farmers make a gift of food to starving children in Ethiopia.
5. The U.S. Treasury sells a bond to a Saudi Arabian prince.
6. A U.S. tourist flies to France on Air France.
7. A U.S. company sells insurance to a foreign firm.