Direct investment and security purchases are included in
A) current account items.
B) capital account items.
C) basic balance account items.
D) unilateral transfers.
B
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Which of the following statements is true about the demand for and/or the supply of natural resources?
a. The supply curve for natural resources is more elastic in the long run than in the short run. b. The elasticity of demand for electricity, natural gas, and gasoline equals approximately 0.1 in both the short run and the long run. c. Natural resources are demanded by consumers and producers in steadily growing amounts, so future shortages are inevitable. d. The supply of many natural resources is finite; thus the long-run elasticity of supply must be zero.
Which of the following assets is the most liquid in the United States?
A. U.S. currency B. U.S. Treasury bonds C. Alphabet stock shares D. an antique car