Over the past two decades the U.S. balance on current accounts has
a. been in deficit
b. generated surpluses
c. been very erratic, swinging from deficits to surpluses to deficits
d. essentially been in balance
e. declined in importance compared to the balance on capital account
A
Economics
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If both a monopoly and a competitive market with the same marginal cost would produce a quantity that is greater than the social optimum in a market because of externalities, then
A) welfare is greater under monopoly. B) welfare is greater under competition. C) welfare is the same for both market structures. D) the social optimum must be zero.
Economics
Central banks can increase the money supply by:
a. Raising margin requirements. b. Selling government securities. c. Selling foreign exchange. d. Making discount loans. e. None of the above.
Economics