Which of the following components of the U.S. balance of payments includes direct investment by Americans in foreign securities?
a. U.S. official reserve assets
b. the capital account
c. the current account
d. U.S. government assets abroad
e. merchandise trade balance
B
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Of the groups listed below, which is most likely to lobby for protection?
A) workers in importing industries B) workers in exporting industries C) consumers of imported goods D) producers in exporting industries
Unemployment insurance increases frictional unemployment
a. True b. False Indicate whether the statement is true or false
The maximum price that a buyer will pay for a good is called
a. consumer surplus. b. willingness to pay. c. equilibrium. d. efficiency.
Perfectly competitive firms tend to invest heavily in advertisements because it increases their revenue.
Answer the following statement true (T) or false (F)