A market situation where a small number of sellers compose the entire industry is called:
a. monopolistic competition.
b. monopoly

The account that records foreign investment in the United States minus U.S. investment abroad is the

A) capital and financial account. B) official settlements account. C) current account. D) U.S. official reserves account.

In economics, welfare analysis focuses on

A) income transfer programs. B) food stamp programs. C) international aid programs. D) None of the above.