The above table shows some of the balance of payments accounts for Urland. What is Urland's balance in the official settlements account?

The GAP ratio is a measure of __________ risk

A) credit B) leverage C) interest rate D) liquidity

Suppose your utility function for food (F) and clothing (C) is u(F,C) = F + 4C. If you reduce your clothing consumption by 2 units, how much do you have to increase your food consumption in order to maintain the same utility level?

A) 2 units B) 4 units C) 6 units D) 8 units