Refer to Figure 2-13. Which country has a comparative advantage in the production of coconuts?

Suppose a bank has $100 million in checking account deposits with no excess reserves and the required reserve ratio is 10 percent

If the Federal Reserve raises the required reserve ratio to 15 percent, then the bank will now have excess reserves of A) $0. B) -$5 million. C) $5 million. D) $15 million.

In 2012, the capital account in the U.S. balance of payments was in:

A. deficit, and larger than the current account deficit. B. surplus, and larger than the current account surplus. C. balance, with no deficit or surplus. D. deficit, and smaller than the current account deficit.