For years, your parents claimed they had no desire to join a social web site. Recently, however, they joined one and said they did so because all their relatives have joined the same site with them. Your parents' behavior is an example of

Are the owners of taxicabs in New York City earning large profits because the city severely restricts the number of licenses?

A) No, because the city also regulates fares. B) No, because the cost of owning a license absorbs the potential profit. C) Yes, because the number of licenses has not been increased for 50 years. D) Yes, because if they were not the number of taxicabs would decline and profits would rise. E) We cannot tell because profit arises from uncertainty.

The current account includes all of the following accounts except

A) net transfers. B) net exports. C) net financial derivatives. D) net factor payments.