Which of the following components of the U.S. balance of payments includes direct investment by Americans in foreign securities?
a. U.S. official reserve assets
b. the capital account
c. the current account
d. U.S. government assets abroad
e. merchandise trade balance
B
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Bank reserves include:
a. High quality (i.e., AAA-rated) loans. b. Vault cash and deposits at the central bank. c. Tellers, who are trained and ready to work in case of a general bank strike. d. Government bonds, high-quality (e.g., AAA) corporate stocks, and cash in circulation. e. Checking deposits and borrowings from the central bank.
Refer to the diagram for a natural monopolist. If a regulatory commission set a maximum price of P 1 , the monopolist would produce output:
A. Q 2 and realize a normal profit.
B. Q 4 and realize a normal profit.
C. Q 3 and realize an economic profit.
D. Q 4 and realize a loss.