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(Balance of Payments)The following are hypothetical data for the U.S. balance of payments. Use the data to calculate each of the following:
a. Merchandise trade balance
b. Balance on goods and services
c. Balance on current account
d. Capital account balance
e. Statistical discrepancy
Suppose that the European Commission asked you to develop a brief on behalf of subsidizing European soft-ware development-bearing in mind that the software industry is currently dominated by U.S. firms, notably Microsoft. What arguments would you ..
sales 1990 116 1991 105 1992 29 1993 59 1994 108 1995 94 1996 27 1997 119 1998 34 1999 34 2000 48 2..
Use the annual maximum wind speed data to construct a histogram. Is the histogram approximately symmetric, positively skewed, or negatively skewed? Would you describe the histogram as unimodal, bi- modal, or multimodal?
Suppose you may choose between two machines for production atyour store. Both machines have a useful cycle of 10 years. MachineA cost $10,000, leaves an annual (EOY) income of $2,500, machine Ahas annual expenses of $1,000
Will output vary or stay fixed in the long run? Suppose the aggregate demand curve were to remain fixed: What can we infer about the behavior of prices over time?
A firm that produces houses has a total costs function given by the following: TC = 144 + 4Q2. If the industry in which this firm operates is perfectly competitive, in the long run competitive equilibrium the number of houses the firm will produce..
suppose thurston, a color blind consumer, has 80$ to spend on either lime green or pink sweater. Thurston does not care what color sweater her wears but deems it very important to buy as many sweater as possible with the 80 $. Pink sweater cost 20..
Which states were highest and lowest in per capita property taxes? Were they the same states that were highest and lowest in property taxes as a percent of personal income? If not, explain the difference.
What would be the value of the multiplier derived from a naïve regression of consumption on income, and what would be the true value?
a) Calculate the equilibrium price and quantity, and show them on a diagram. b) Assuming a price higher than the equilibrium price, anddetermine the excess supply.
Pam has chosen her best affordable combination of cookies and comic books. She spends all of her income on 30 cookies at $1 each and 5 comic books at $2 each. The price of a cookie falls to 50 cents and the price of a comic book rises to $5.
The maintenance costs associated with an investment are $0 for the first 8 years and $ 700 per year thereafter. The investment has an infinite life. With interest at 9 % per annum, determine the present worth of the annual disbursements.
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