Which of the following countries ran a trade surplus in 2013, yet its current account balance is $2.8 billion.
a. India
b. China
c. The Democratic Republic of Congo
d. Taiwan
c. The Democratic Republic of Congo
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Suppose a monopolist faces the demand curve shown below. 
The monopolist maximizes its profits by:
A. producing 35 units, since this is where total revenue is maximized. B. charging $70 for each unit. C. producing the level of output at which marginal revenue equals marginal cost. D. producing the level of output at which marginal revenue minus marginal cost is greatest.
When the government controls the price of a product, causing the market price to be below the free market equilibrium price,
A) some consumers gain from the price controls and other consumers lose. B) all producers gain from the price controls. C) both producers and consumers gain. D) all consumers are better-off.
Foreign aid, royalties earned abroad, and long-term capital flows are part of the current account
a. True b. False Indicate whether the statement is true or false
When the value of money is on the vertical axis, the money supply curve slopes upward because an increase in the value of money induces banks to create more money
a. True b. False Indicate whether the statement is true or false