All of the following are surplus items in the balance of payments EXCEPT
A. purchases of foreign assets.
B. foreign tourist expenditures.
C. exports of merchandise.
D. funds deposited in this country by foreign residents.
Answer: A
Economics
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Nationwide banking might reduce bank failures due to
A) reduced competition. B) reduced lending to small businesses. C) diversification of loan portfolios across state lines. D) elimination of community banks.
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If MFC > MRPL, the firm should
A) hire more workers. B) lower wages. C) get rid of some capital. D) reduce the number of workers.
Economics