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1. Under the gold standard, there was penalty for running a payments deficit but no penalty for running a payments surplus. Explain.
2.The Bretton Woods Agreement was intended, in part, to make adjustment more symmetric between deficit and surplus countries. Explain.
3.What are the components of the current account, the financial account, the official reserve account?
Dene Gross National Expenditure in words and state it in equation form. 2. Dene the trade balance in words and state it in equation form. 3. Dene net factor income from abroad in words and state it in equation form. 4. What is Gross National Income e..
What aspects would you consider in preparation for her discharge and what can you tell her about Validation therapy? Give an example (either a conversation or situation) of when she can use this technique with her husband.
a. with a high and growing us trade deficit many hope that a depreciation of the dollar would help close the deficit.
Write down a paragraph explaining how the Hernandez Corp. finds the least cost combination of inputs for producing the given rate of output.
Find the project's expected cash flows and NPV. Now suppose the BSI can abandon the project at the end of the first year by selling it for $6 million. Assume the salvage value is risky and should be discounted at the WACC.
In the final round of a TV game show, contestants have a chance to increase their current winnings of 1 million dollars to 10 million dollars. If they are wrong, their prize is decreased to $100,000.
Determine what the U.S. should do to ensure the availability of strategic materials in which it has a comparative advantage. Explain your rationale.
a explain why the assumption of imperfect competition is necessary for endogenous growth models.b how might well
Efficiency can mean many things to many people. Even in economics, there are different types of efficiency. Here we are discussing productive efficiency. An economy is productively efficient whenever it is producing the maximum output with given t..
Given your answer above, explain whether, all else equal, the supply of the IRP increases, decreases, or remains unchanged. Explain the reason for your answer and depict it on your graph above.
Which product experiences a larger change in price and which product experiences a larger change in quantity
Most macroeconomists believe it is a good thing that taxes act as automatic stabilizers and lower the size of the multiplier. However, a smaller multiplier means that the change in government purchases of goods and services, government transfers
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