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Why might a U.S. trade deficit be preferable to a U.S. trade surplus?
I. Running a trade deficit allows a country to consume more than it produces.
II. Americans acquire more foreign assets under a trade deficit than they do under a trade surplus.
III. Under a trade deficit, the inflow of financial capital may finance new investment that leads to stronger long-run economic growth in the United States.
A. I, II, III only
B. I and III only
C. II and III only
D. I and II only
For proportional tax system presented in table 7, illustrate what are average tax rates for people earning $50,000, $100,000 and $200,000. Illustrate what are corresponding average tax rates in regressive and progressive tax systems.
Illustrate what would happen in the market, please Specify whether the policy would cost the Chinese government anything also if so, and explain how much.
The demand for good x1 is given by: (m/p1) - (p1/p2), where p1=1, p2=1, and m=10.Which of the following accurately describes the INCOME elasticity of demand?
Make two income statements, are utilizing the traditional accounting approach another using the opportunity cost approach to determine the profit.
q. a county is considering using a piece of park land for one of two alternative recreation projects. project s would
Is this projected outcome consistent with the law of demand? What is the price elasticity of demand associated with this pricing decision? Should you increase the price?
Illustrate what does a contraction Gap imply about the actual rate of unemployment relative to the natural rate
China has continued to lag well behind the rest of the world in information technologies
Why does a teacher earn less than a firefighter? Why does a union electrician earn less than a non-union electrician?
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launching services to commercial firms.
If the price of A rises to 4 while other prices and Daniel's budget remain unchanged, how much or each does he purchase in equilibrium?
What is the current requirement of the law in the US in terms of the payroll tax levied on firms and workers? Based on our discussion in the previous chapters, what are the empirical estimates of the elasticity of labor supply and labor demand?
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