What was the highest trade surplus

Assignment Help Business Economics
Reference no: EM13836291

According to By the Numbers, approximately when was the last time the United States had a trade surplus? As a percentage of GDP, what was the highest trade surplus the United States has achieved? What was the highest trade deficit the United States has achieved? (Coremicroeconomics chapter 16, question 18)

Reference no: EM13836291

Questions Cloud

Describe the different kinds of indexes oracle uses : Describe the different kinds of indexes Oracle uses. Give an example of when you might use each type. Why might it be important to determine the size of an index? What happens to secondary indices when a page split happens in a file organization
Group opposed to free trade concludes : A group opposed to free trade concludes that the total number of domestic jobs will decrease because it estimates that 20,000 jobs will migrate abroad. The actual total loss is:
Opportunity cost of producing : If Germany used all its resources to produce bread, suppose it could produce 40 million loaves of bread. If it used all its resources to produce milk, it could produce 20 million gallons of milk. Then Germany's opportunity cost of producing a ______ ..
Derive the total product or output : Suppose you are given the following Total Product Function: Q=100 K^3/2 L^4/2 M^4/7 ,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Suppose K = 1,000; L = 200 w..
What was the highest trade surplus : According to By the Numbers, approximately when was the last time the United States had a trade surplus? As a percentage of GDP, what was the highest trade surplus the United States has achieved? What was the highest trade deficit the United States h..
Create folder named lastname firstname in a google drive : Creat a Google Drive account, and Create folder named Lastname_Firstname in a Google Drive account; upload A2_part3_data, rename as GICC Renovations and open in Google Sheets.
How do the endings of star food reflect : How do the endings of "Star Food," "Everything That Rises Must Converge," and "The Bet" reflect what might be considered incomplete story arcs?
Directors argue that no illegal activity had occurred : All of the directors of the XYZ Corporation were present at a meeting called on a Monday evening at 9 p.m. In response, the directors argue that: (1) no illegal activity had occurred; (2) if an illegal activity did occur, it was not at a valid meetin..

Reviews

Write a Review

Business Economics Questions & Answers

  Who sells permits and explain how many do y sell

Who sells permits and Explain how many do y sell. Who buys permits and Explain how many do y buy. Briefly explain why sellers and buyers are each willing to do so. Illustrate what is total cost of pollution reduction in this situation.

  Q1 suppose that the government chooses conscription ie

q1. suppose that the government chooses conscription i.e. government services the representative consumer to supply

  Illustrate what we did not realize at the time

Illustrate what we didn't realize at the time was that our fixed costs were underestimated by at least 30 percent. This means that we will have to adjust our price upward by at least.

  Policy affect the supply of and demand for products-services

Summarize the recent policy of the Federal Reserve concerning the level of interest rates and the reasons for this policy. Do you agree with this policy? Why or why not? How does this policy affect the supply of and demand for products and services?

  Decide to offer discounts to attract more customers

Two bookstores are competing for customers. Both bookstores can decide to offer discounts to attract more customers. Bookstore-A has a 30% probability of offering a discount. The probability that Bookstore-B will offer a discount is unknown, and is r..

  Explain how does price elasticity of demand for corn oil

Explain how does price elasticity of demand for corn oil influence quantity-demanded of corn oil and Total Revenue earned by sellers of corn oil.

  What is the industry marginal revenue at profit-maximizing

If the firms form a cartel to maximize industry profit, what is the industry marginal revenue at the profit-maximizing level of output?

  Balance the need for scalability against

Your company is bidding on a system design project. It is your job to design the system architecture. How will you balance the need for scalability against the need to keep costs as low as possible to win the bid?

  What is the total quantity supplied to the market

What is the total quantity supplied to the market? As this market makes the transition to its long-run equilibrium, will the price rise or fall?

  The midterm exam is open book

The Midterm Exam is open book, open notes. The maximum time that you can spend in the exam is three hours. If you have not clicked the Submit For Grade button by then, you will be automatically exited from the exam. In the exam environment

  For out back steakhouse

For out Back Steakhouse, seating capacity is limited in the short run.

  Explain what type of externality it is

Think of an externality in your community. Explain what type of externality it is. How can it be resolved (through the market and/or through government policies)?"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd