Refer to the table above. If there is no statistical discrepancy, the sum of all three balance of payments accounts equals

Economic theory is most useful in explaining the operation of social systems

A) aimed at making a living. B) directed toward the satisfaction of material wants. C) in the world of business and finance. D) in which participants characteristically don't know one another personally. E) in which people pursue selfish interests.

Bicycles are made out of steel. If the price of steel increases, there is a shift in the supply curve of bicycles that leads to

A) a shift in the demand curve for bicycles. B) a temporary surplus of bicycles. C) a permanent surplus of bicycles. D) an increase in the price of a bicycle.