The official settlements account records the change in ________

A) international trade
B) U.S. official reserves
C) foreign investment and domestic investment
D) the reserves held by banks and the Fed

B

Economics

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Improvements in a country's standard of living are brought about in the long run by

A) technological progress. B) growth in the population. C) constructing more machines and buildings. D) immigration policy.

Economics

Which of the following statements is NOT true for a perfectly competitive firm?

A) A firm's demand curve is horizontal. B) The firm can influence its demand curve by advertising its product. C) The firm's demand curve is perfectly elastic. D) The market demand and supply curves determine the market price.

Economics