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Indicate whether each of the following represents a credit or debit on the U.S. current account.
a. an American imports a BMW from Germany
b. a Japanese company purchases software from an American company
c. the United States gives $100 million in financial aid to Israel)
Social Security has revenues of $1.8 trillion and expenditures of $1.3 trillion. The nonsocial Security budget has revenue of $2.1 trillion and expenditures of $2.4 trillion. In recent years government debt grew much faster than GDP. Conservative eco..
Most tribal people prefer to be referred to by:
q1. what are the main reasons for people to make non-rational choices? is there any specific science that study
Last year, a manufacturer introduced a new product that was a huge success. So the company made the decision to invest an additional $2.8 million for a plastic injection molding machine (which could be sold for $2.0 million) and $150,000 in plastic i..
From a demand curve, consumer surplus is the area:
Illustrate what is the relation between marginal benefit and marginal cost at this level of the control variable.
A decrease in demand for coffee can be cause by:
Using the information you have learned so far in this class, state what you think will cause market fluctuations over the next few years as the economy struggles to recover. What areas of the economy should be closely watched as indicators of future ..
The demand curve for haircuts at Terry Bernard's Hair Design is: Where Q is the number of cuts per week and P is the price of a haircut. Terry is considering raising her price above the current price of $15. Terry is unwilling to raise price if the p..
Illustrate the opportunity cost between the two goods is always constant. Which of the following combinations of the two goods, X and Y, is it possible for the economy can produce?
How much would Wyandotte have to reduce the price of polyol to achieve a 15 percent increase in the quantity sold?
Explain difference between nominal and real variables and give two examples of each. According to principle of monetary neutrality, which variables are affected by changes in quantity of money.
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