5) The statement that summarizes all economic transactions between a country and the rest of the world during a given period of time is the A) balance of trade B) balance of international transactions C) balance on goods, services, and investments D) balance of payments 6) Capitalism is a free- market system built on all of the following notions EXCEPT A) private ownership of assets B) the right to earn a profit in return for individual effort C) limited property rights D) private control of investment 7) In a market economy, the patterns of resource allocation are most directly influenced by A) government administrators who monitor the equilibrium of supply and demand B) industry coalitions that strive to improve the efficiency of production C) alliances among key consumer groups that negotiate with companies to improve the quality of the purchasing process D) consumers who "vote" by their personal decision to buy or not buy products 11