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In the United States' currency union, we seem never to worry if a state has a big cur- rent account de?cit. Have you ever seen such data in the newspaper? Can you even ?nd the data in any U.S. government statistical sources? For example, one would guess that the state of Louisiana ran large current account de?cits after it was devastated by Hurricane Katrina in 2005. But Louisiana's possible current account de?cit was not deemed worthy of coverage by the ?nancial press. We do know, however, that in 2008, Greece had a current account de?cit of 14.6 percent of GDP, Portugal had a de?cit of 12 percent of GDP, and Spain had a de?cit of 9.8 percent of GDP (Table 20-3). Should the governments of these countries worry about such large de?cits? (Hint: Relate your answer to the debate over the need for the SGP.)
Enrodes is a monopoly provider of residential electricity in a region of northern Michigan. Total demand by its 2 million households is Q4 = 1,000 P and Enrodes can produce electricity at a constant marginal cost of $2 per megawatt hour.
Explain why is economic growth important also annual growth rate be of great significance over several decades.
Proponents of free market systems argue that free enterprise leads to more efficient production and better response to changing consumer preferences. Others point to the fact that markets are not perfect.
What phase of business cycle is the US currently in? Explain in detail. Determine the latest GDP of the United State? How has the GDP changed since the 2007?
Explain why does the US steel industry want a tariff on imported steel. Show the US steel market with and without a tariff, showing graphically why they will like a tariff.
Base on your research; Discuss the identified risks and the tools that organizations could use to mitigate these risks.
When all people use economic reasoning, incompetence is impossible, because if the profit of decreasing that inefficiency were greater than the expenses, the inefficiency would be eliminated.
Discuss the concept of GDP, and calculate the GDP from the following information. you should calculate the GDP by the three methods (production, income, and expenditure).
suppose that work hours in new zombie are 300 in year 1 and productivity is 14 per hour worked. what is new zombies
If the rate of return earned on reinvested funds is 15 percent also the industry reinvests 40 percent of earnings in the firm, what must be the discount rate.
Suppose that at a price of $400, 300 tickets are demanded to fly from Ithaca to Los Angeles. Now the price rises to $600, and 280 tickets are demanded. Assuming the demand for tickets is linear, find the price elasticities at the quantity-price pair ..
What is the dollar amount of excess reserves and by what dollar amount can this bank safely expand its loans?
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