Which of the following are NOT liabilities on the Fed's balance sheet?

The discount rate is the interest rate that: a. banks charge on large loans

b. banks charge on loans to other banks. c. the Fed charges on loans to branches of the U.S. government. d. the Fed charges on loans to depository institutions. e. the Fed charges on loans to the public.

A nation's comparative advantage in the production of an item is determined by

A. which country has already specialized in production of the item. B. the total and marginal costs of producing the item. C. the opportunity cost of producing the item relative to a trading partner's opportunity cost of producing the same item. D. specialization in the production of all goods.