Vault cash is a(an)
A) liability of the Fed and is counted as reserves.
B) asset of the Fed and is counted as reserves.
C) liability of the Fed and is not counted as reserves.
D) asset of the Fed and is not counted as reserves.
A
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The marginal cost of production that is borne by the entire society is the
A) marginal private cost. B) marginal social cost. C) marginal external cost. D) None of the above answers is correct.
Suppose that the Bank of Japan buys yen-denominated assets with U.S. dollar assets. Everything else held constant, this transaction will cause ________ in the foreign assets held by the Federal Reserve and ________ in the U.S. monetary base
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease
In Figure 45.2, at the one-employer "company town solution," the wage paid to workers will be 
Figure 45.2
A. W2. B. W*. C. W1. D. an undetermined point between W1 and W2.
In the case in which foreign affiliates undertake the same kind of production as the parent firm, the affiliate ________ some trade in that product. The affiliate also ________ trade through better local marketing of other products produced by the multinational in other countries.
A. expands; expands B. displaces; displaces C. displaces; expands D. expands, displaces