William and Jamal live in the country of Dumexia. As a result of Dumexia's legalization of international trade in bananas, William becomes better off and Jamal becomes worse off. It follows that William is a seller, and Jamal is a buyer, of bananas

A monopolistically competitive firm influences market price because of product differentiation.

Answer the following statement true (T) or false (F)

A negative value for the U.S. official reserve assets line in the balance of payments accounts means that

A. the U.S. central bank has decreased its holdings of foreign reserve assets. B. the U.S. central bank has increased its holdings of foreign reserve assets. C. U.S. residents bought more gold from foreigners than they sold. D. U.S. residents have sold more gold to foreigners than they bought.