The data in the table above are the U.S. balance of payments. The sum of the current account plus capital and financial account plus official settlements account is equal to
A) $0.
B) -$335 billion.
C) $140 billion.
D) -$60 billion.
A
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Even if all individual demand curves are downwardly sloped, the market demand curve may slope upward.
Answer the following statement true (T) or false (F)
The market for bagels contains two firms: BagelWorld (BW) and Bagels'R'Us (BRU). The owners of the two firms decide to fix the price of bagels. The table below shows how each firm's profit (in dollars) depends on whether they abide by the agreement or cheat on the agreement. Suppose the game above is repeated every day, and both firms adopt the following strategy: cooperate on the first day, then if the other firm cheats, cheat the next day, and if the other firm abides, abide the next day. This type of strategy is likely to increase the probability that:
A. Bagel World cheats. B. both firms cheat. C. Bagels'R'Us cheats. D. both firms abide.
Diseconomies of scale cannot be due only to the sheer size of a firm?s operation.
Answer the following statement true (T) or false (F)
If the Fed sells U.S. government securities,
A) the U.S. Treasury loses some revenue. B) the U.S. Treasury gains some revenue. C) banks' reserves increase. D) the federal funds rate rises. E) None of the above answers is correct.