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Suppose that for Italy in 2008, exports 400 billion euros of goods and 300 billion euros in services, imports equaled 500 billion euros of goods and 350 billion euros of services, and the rest of the world purchased 250 billion euros of Italy’s assets. * What was the merchandise trade balance for Italy? * What was the balance of payments on the current account for Italy? * What was the balance of payments on financial accounts? * What was the value of Italy’s purchase of assets from the rest of the world?
Draw the budget constraints, indifference curves, and the income consumption curve for a good (bagels) that has an income elasticity that is perfectly inelastic on horizontal axis, and another normal good on (salads) on the vertical axis.
A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: = 75 +6x. This implies that if advertising is $800, then the predicted amount of sales (in dollars) is:
illustrate what fee customers were willing to pay for expedited payments, the bank conducted a survey. It was able to determine that many of the people surveyed already paid fees for expedited payment services.
The quantity supplied and demanded of labor in the country of Shoppingland is shown in the table below. Draw two supply and demand diagrams for the labor market, assuming that wages are sticky downward. In the second diagram, show how a drop in sales..
Remember that the best statement of the issue will... Highlight the tension between two competing values. Focus on whether the outcome would help everyone achieve their highest ethical goals instead of just taking care of yourself. How to ensure envi..
Examine the first diagram showing the monthly production possibility frontier for the Tivoli and the monthly production possibility frontier for the Frivoli. Which tribe now has an absolute advantage in producing spaghetti? Which has the comparative ..
Your diligent effort will allow you to decide how much of your product to provide and allow you to place it on market shortly before your competitor will be able to make its product available for sale. What output level will you choose and what pr..
Describe why the primary objective of maximizing shareholder value may actually be the most beneficial for society in the long run.
q1. law of diminishing marginal utility some restaurants offer all you can eat meals. explain how is this practice
You are given the following figures on economic base: primary employment: 10,000; Secondary employment 30,000 A) Determine the ration B) a New Factory engaged in primary employment is moving into the base and intends to employ 250 persons. What are t..
Consider an economy in which the labor demand function is 40 - (W/P), the labor supply function is 40 + (W/P), the production is Y = 30 + 12L. Suppose the money supply is $333 and the velocity is 4. What is the equilibrium level of employment L* and ..
Present a thorough analysis of the inverse relationship between inflation and unemployment reflected by the Phillips curve. Describe the importance of expectations and how they affect the actual relationship between the inflation rate and the unemplo..
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