The demand curve is given by:

Marginal utility can be measured by the change in:

a. total utility / the change in quantity. b. income / the change in utility. c. quantity / the change in income. d. price / the change in utility. e. income / the change in price.

Which of the following transactions would be excluded in the capital account?

a. A Japanese citizen purchases a U.S. Treasury bill. b. A Japanese citizen purchases an office building in Manhattan. c. A U.S. citizen purchases a share of stock from a Japanese company. d. An American purchases a Toyota.