In the balance of payments accounts, a net importer of capital is a nation that
a. sells more goods in foreign countries than it imports.
b. must be running a trade surplus.
c. sells more assets to individuals in other countries than the assets it buys from them.
d. buys more assets from individuals in other countries than the assets it sells to them.
C
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What would cause a bank run?
A) Depositors feel that the bank does not have sufficient assets to cover their deposits. B) Bank managers choose to hold more excess reserves. C) Depositors feel that they are earning too low of a return on their deposits. D) Borrowers feel that they are being charged too high of an interest rate on their loans.
The above figure shows the U.S. market for wheat. With international trade, the gain in total surplus is equal to ________
A) area A B) area B + area C C) area D D) area C + area F E) area C + area D + area F