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Based on the following information, what is the balance on the current account? Exports of goods and services = $12 billion Imports of goods and services = $14 billion Net income on investments = -$4 billion Net transfers = -$1 billion Increase in foreign holdings of assets in the United States = $6 billion Increase in U.S. holdings of assets in foreign countries = -$3 billion A) -$7 billion B) -$3 billion C) -$2 billion D) $1 billion
Apply the decision-making model developed. What are the basic steps in all types of decision making processes.
Not all discrimination is prohibited by law. For example, employers routinely discriminate between potential employees based upon education or experience. Other types of discrimination are more subtle, but still legal. For example, some employers dis..
One July, the United States sold aircraft worth $1 billion to China and bought aircraft worth only $19,000 from China. During the same month, however, the United States bought $83 million worth of men's trousers, slacks and jeans from China but sold ..
What are the key assumptions of the Lewis model that give rise to its conclusions? How would the theory’s conclusions differ if these assumptions do not hold?
A firm is facing a downward-sloping demand curve: q = 96 - 2P. Write the inverse demand function, i.e. write P as a function of q. Derive the total revenue as a function of q. Derive the marginal revenue as a function of q.
Write in depth on the possibility of interest rate hike over the coming year. What do you believe are the reasons for this occurrence? Comment on the solvency of social security?
The difference between the comparative advantage theory and the factor proportions theory is that the factor proportions theory? ________.
Time for a lump sum to double If you deposit money today in an account that pays 5.5% annual interest, how long will it take to double your money?
Newspaper vending machines are designed so that once you have paid for one paper; you have access to all the papers in the machine and could take multiple papers at a time. However, other vending machines dispense only one item (the item you bought)...
Calculate the coefficient of price elasticity (midpoints approach) for Goldsboro's supply.
Assume a fixed cost for a process of $15k. The variable cost to produce each unit of product is $10 and the selling price for the finished product is $25. which of the following is the number of units that has to be produced and sold to break-even..
Today we see a lot of activity within the international trade arena as the U.S. trade deficit has soared to a record high. Trade is designed to create bigger market opportunities, so why is the balance of trade so out of balance for the U.S.? Is it b..
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