The four main components of the current account are:
a. services, financial assets, unilateral transfers, and debits.
b. net exports, unilateral transfers, services, and domestic bank deposits abroad.
c. government asset holdings abroad, foreign official assets, private bank deposits abroad, and merchandise.
d. unilateral transfers, merchandise, services, and investment income.
e. capital exports, services, merchandise, and royalties.
d
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Use the following graph of total revenues to answer the question below. 
If the quantity of product X demanded decreases from 16,000 to 10,000 units, then it suggests that the price of X was
A. reduced and the demand is elastic. B. increased and the demand is elastic. C. increased and the demand is inelastic. D. reduced and the demand is inelastic.
Costs which increase with an increase in output are called
A. changeable costs. B. variable costs. C. fixed costs. D. unchangeable costs.
All else being equal, if European firms switch from U.S. produced software to software produced in India, the equilibrium value of the U.S. dollar will:
A. fall. B. either rise or fall depending on whether the supply or demand for dollars changes more. C. rise. D. become fixed.
The economy of Kiwiland can be characterized by Equation 24.6.EQUATION 24.6:C = 1,000 + 0.5YdT = 200G = 400I = 500Refer to Equation 24.6. If government spending in Kiwiland increases by 400, equilibrium output increases by
A. 400. B. 800. C. 1,600. D. 2,000.