Firefighters are highly skilled workers who are typically employed by city governments. If a city reduces the wage rate paid to firefighters to be less than the equilibrium wage rate, what happens to the economic rents earned by the firefighters?

Toyota purchases a truck factory in San Antonio, Texas. This purchase is entered into which of the balance of payment accounts?

A) capital and financial account B) current account C) foreign account D) official settlements account E) trade account

Financial innovation is

A) the process of turning assets into a more liquid form. B) the development of new financial products and services. C) responsible for credit cards being included as part of money. D) causing a decrease in bank profits.