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Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 1983 through 1987. Complete the table by calculating the trade surplus or trade deficit both in absolute (dollar) terms and as a percentage of GDP.
What would be the equilibrium price? What is the equilibrium quantity?
q.find true or false or uncertain and explain why?1. tfu suppose that at an initial cost of 1000 a homeowner can
Consider a perfectly competitive, profit-max firm that sells its output for $10 each and produces and sells 925 units. Its total variable costs are $4000 and its total fixed costs are $3600. Calculate its accounting profit.
The city government is losing millions of dollars on the system of mass transit (buses and subways). The government proposes to increase the fare of a ticket by 20% and they have asked your advice. You know that the price elasticity of demand for mas..
How do restrictive job protection measures affect the demand for unskilled workers? Do they benefit or help the unskilled worker? Explain.
Mexican interest rates are normally substantially higher than U.S. interest rates. a. What does this imply about the inflation differential (Mexico inflation minus U.S. inflation), assuming that the peso interest rate is the same in both countries? D..
Do the relative salaries of humanities professors and football coaches at major state universities reflect the relative value of football and humanities? Do they reflect the number of years that professors and coaches must spend acquiring an educatio..
Suppose a consumer is at an optimum, consuming 6 hamburgers a week at a price of $1.50 each and 10 donuts a week at 50 cents a donut.
In the 1920’s, General Motors purchased its auto bodies from an independent firm, Fisher Body. GM decided to build a new plant and, in order to improve the reliability of supply and also to decrease shipping costs, GM asked Fisher Body to build a new..
Explain the main differences between the three main nominal anchor choices presented in Chapter3: i) Exchange Rate Target; ii) Money supply target; and iii) Inflation target plus interest rate policy. Use equations to support your answer and do not f..
Using a budget constraint and a map of indifference curves, show graphically and explain whether the following statement is true. If all prices double and the consumer's income also doubles, there will be no change in the equilibrium bundle of goods ..
step by step all work shown answer and please show all calculations and how you got answer and make it very detailed all work shown please.
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