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Assume that you have been appointed as the Speaker of the House. You must deliver a speech about the current state of the U.S. macroeconomy to a number of amateur reporters who are unfamiliar with economics. Prepare a 750- to 1,050-word speech in simple terms and concepts that focus on international trade and foreign exchange rates.
Integrate a summary of your answers to the following questions and cite external research to further justify your facts:
• What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.
• What are the effects of international trade to GDP, domestic markets and university students?
• How do government choices in regards to tariffs and quotas affect international relations and trade?
• What are foreign exchange rates? How are they determined?
• Why doesn't the U.S. simply restrict all goods coming in from China? Why can't the U.S. just minimize the amount of imports coming in from all other countries?
a machine is purchased for 150000. revenue for the first year was 50000. over the total estimated life of 8 years
for the following set of scores compute the range the unbiased and the biased standard deviations and the variance. do
Suppose that the price of labor increases, if the firms wishes to continue to produce the current level of output how will the firms optimal input choice change (relative to its current choice)? Support your answer with graph.
one of the most important skills to learn in managerial economics is the ability to identify a good business.1- discuss
100 identical customers, each with relevant demand function Q = 20- P (where Q is the hours per week and P is the per-hour fee). Assuming you priced membership consistent with consumer surplus, if fixed costs = $1,000 and variable costs = $0, how muc..
1. how are producers of the goods we consume supposed topromote societal well-being through the pursuit of profits 2. what role does the use of capital and technology play in helping the free market now
As output increases a firm finds that its marginal cost of producing an additional unit is rising. From this information we know that
what is a sensitivity analysis? how would you use it in planning for future expansions? what role does this kind of
Describe why marginal analysis must be used in decision making with examples. Also, give examples of poor decision-making when sunk costs were used to justify choices, and discuss how legal and ethical issues may play a role in making decisions.
Assume you are a U.S. citizen and currently you can exchange $180 (USD) for 125 GBP (British Pounds). What is the indirect quote relating the USD to the GBP?
A long-run supply curve is flatter than a short-run supply curve because firms can enter and exit a market more easily in the long run than in the short run is it true or false.
explain why government regulation is or is not needed citing the major reasons for government involvement in a market
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