If a Fed __________ other than bank reserves falls and there are no offsetting entries elsewhere on the Fed's balance sheet, then bank reserves must __________

Refer to the above table. If the firm can produce 24 units at a price of $1.00, 42 units at a price of $0.80, and 54 units at a price of $0.60, then the firm is:

 

A.  Selling in a purely competitive market

B.  Selling in an imperfectly competitive market

C.  Minimizing its costs at a product price of $1.00

D.  Maximizing profits at a product price of $0.60

An increase in capital inflows in the United States will result in a(n) ________ foreign currency and a(n) ________ U.S. dollars in the foreign exchange market.

A. shortage of foreign currency; surplus of B. increase in the demand for; increase in the supply of C. decrease in the supply of; decrease in the demand for D. increase in the supply of; increase in the demand for