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1. Briefly explain what the term "balance of trade" refers to from a macroeconomic perspective and include a brief description of how exports and imports influence the balance of trade. Also briefly contrast a nation's level of trade with its balance of trade and identify three factors that strongly influence a nation's level of trade.
2. What benefits are to be gained from countries producing according to the concept of comparative advantage? What if a country is absolutely more productive in all goods? Can they still benefit from trade?
Consider an economic model designed to analyze the purchasing decisions of households. An assumption that a household chooses between only two goods would be an example of a
Explain moral hazard and adverse selection problems. Discuss a few tactics that managers can use to overcome these problems.
Illustrate what is the discount rate in the banking system and explain how the Fed manipulates this rate in order to achieve macroeconomic objectives.
What is his price elasticity of demand for lattes? (It did not give me any numbers, Consider different scenarios for price and quantity demanded. Then use these to calculate the price elasticity.)
Suppose a growing world with positive real income andeconomic growth. There are some lower income countries producinggoods for basic necessities of life. If income of the poor peoplebelonging to lower income countries increases
This year, a competitor has developed a similar toy that has significantly reduced demand for the toy truck. Now the original manufacturer is deciding whether they should continue production of the toy truck. If the estimated demand is 100,000 tru..
Given a numeric production schedule, you will calculate profit and make decisions about short-run profitability to answer questions relating to your calculations. Jerry's Lock Shop is a perfectly competitive firm, and Jerry is operating at his lev..
Much has been made of the fact that people don't consistently act with scientific rationality. What is meant by rationality? Consider the three "systematic mistakes" discussed in your text.
Dividend in year 1 = $8, growth = 6%, floatation costs percentage of stockprice = 11.4%, and the current stock price = $58.
One or more of the names on your list correspond to the same IP address, but when you type those names into your web browser, you see different pages. Why would more than one name be assigned to a single address?
Lexus was the car brand with the highest consumer satisfaction rating, while Ford only made it to the 24th spot in the consumer happiness ranking. Nonetheless, Ford is selling many more vehicles than Lexus.
The supply of meat in France rise, results meat prices to fall. Lower prices always mean that French households spend more on meat.
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