The capital and financial account is the record of
A) the nation's imports and exports of capital goods.
B) foreign investment in the nation minus the nation's investment abroad.
C) a nation's international trading, borrowing, and lending.
D) changes in the government's holdings of foreign currency.
E) payments for imports, receipts for exports, net interest, and net transfers.
B
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In derivative markets, trade takes place in
A) assets such as bonds or common stock that derive their value from the value of the companies which issue them. B) assets whose rates of returns must be derived from information published in financial tables. C) assets that derive their value from underlying assets. D) assets which are not allowed to be traded on organized exchanges.
One criticism of the Bertrand pricing model is that
A) the model is implausible when there is product differentiation. B) when there is an oligopoly with no product differentiation, the model's prediction is inconsistent with reality. C) the model's predicted price is solely a function of demand conditions. D) the model's predicted price is dependent on the number of firms.