In September 2005, exports of goods from the U.S. decreased $3.3 billion to $73.4 billion, and imports of goods increased $3.8 billion to $144.5 billion. This increased the deficit in
A. the current account.
B. the balance of payments.
C. unilateral transfers.
D. the financial account.
Answer: A
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Refer to the figure below. A decrease in supply is represented by a shift from: 
A. curve D to curve C. B. curve A to curve B. C. curve C to curve D. D. curve B to curve A.
Joe is willing to pay $4 for his first slice of pizza and $3 for his second slice of pizza. If the price is $2, on his two slices of pizza Joe receives a total consumer surplus of
A) $4. B) $3. C) $2. D) $1.
Imagine that Wingate National is a new bank, and that the legal reserve requirement is 10 percent. If it accepts a $1,000 cash deposit and immediately makes a $100 loan, its demand deposits, before any checks on its accounts are actually written, are
a. $1,000 b. $1,100 c. $900 d. $990 e. $110
Product %of Change in Income $ of Change in Quantity A. +5 +5 B. _5 -5 C., 19, -5 D. -10 _10
A. Product A only B. Product B only C. Product D only D. Product A and C only E. Product B and D only