If the current account balance is $30 billion, and the capital and financial account balance is $35 billion, then the official settlements account balance is ________ billion, and the official reserves ________
A) $5 billion; increase
B) -$5 billion; increase
C) $5 billion; decrease
D) -$5 billion; decrease
B
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A single-price monopolist is
a. able to use price discrimination to increase profits b. protected from competition by patents and copyright laws c. one that charges the same price for all units of output d. illegal in the United States e. less efficient than a multi-price monopoly
In an increasing-cost industry, the long-run market supply curve is
a. horizontal b. vertical c. upward sloping d. downward sloping e. nonexistent
Indexing Social Security payments:
A. still requires a concerted effort on the part of Congress to convert them to their nominal amounts. B. still requires a concerted effort on the part of Congress to vote the amount of increase. C. no longer requires a concerted effort on the part of Congress to maintain their real value. D. no longer requires a concerted effort on the part of Congress to maintain their nominal value.
As a falling price eliminates a surplus in the jersey market,
A) the demand curve for jerseys shifts leftward, and the supply curve of jerseys shifts rightward. B) consumers increase the quantity of jerseys they demand. C) producers increase the quantity of jerseys they supply. D) producers decrease the quantity of jerseys they supply, and buyers decrease the quantity of jerseys they demand. E) the demand curve for jerseys shifts rightward, and the supply curve of jerseys shifts leftward.