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1. Classify each of the following as debits or credits in the U.S. balance of payments.a. Americans buy chocolate from the Swiss.b. U.S. gives foreign aid to Bosnia.c. British investors purchase U.S. government bondsd. American tourists travel to Australiae. Toyota builds a new plant in Ohio.2. What will happen to a country that fixes the price of foreign exchange below equilibrium?3. What factors will shift the supply and demand for currency?4. What are the three categories of transactions in the balance of payments? Give an example of each.5. Economists sometimes say that the current exchange rate system is a dirty float system. What does this mean?6. What are the main arguments presented against flexible exchange rates?
In your town a car wash company charges $8 per car. The car wash company rents the space from a gas station, and pays $5 for each car to the gas station. The car wash company washes 300 cars per week on average. What happens to the revenues of the ga..
during his first year at school, ximin buys eight new college textbooks at a cost of $50 each. Used books cost $30 each. Is ximing better off, the same, or worse off after the price change.
Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this initial point, the growth rate of the money supply is 5%, the growth rate of the velocity of money is 4% and that the real economic growth rate i..
Farmers can plant either corn or soybeans in their fields. Suppose that a new technology for converting corn into liquid fuel increases the demand for corn. Which of the following is most likely to? occur?
Why are the negative externalities associated with the Barclays Center, which opened in 2012 in Brooklyn, likely to be greater than the negative externalities associated with the Staples Center in Los Angeles, which opened in 1999? Carefully explain ..
Suppose you are a researcher for a consumer’s advocate magazine. You want to find a sample of cars whose owners have paid for rebuilt transmissions. So, you randomly select a sample of 40 replacement costs and find the mean to be $2,585. The sample s..
Compare the total costs in parts a and b. If the government does not know the cost of pollution reduction for each firm, is there still some way to reduce pollution to 50 tonnes at the total cost calculated in part a?
An alternative to rent-control laws that would not reduce the quantity of housing supplied is:
Research the following topic and post a short (250-word) response to the discussion board: Access the website for the Consumer Product Safety Commission (CPSC) and review the functions and responsibilities of the CPSC.
In 200 words or more ?How would you define “ethics”? What types of ethical issues are involved in computerized accounting information systems? How can organizations encourage their employees to act ethically?
A money market mutual fund ______. Federal Reserve Notes. Early in the US history, tobacco and cotton were used as forms of money know as "country pay". when used, these forms of currency:
Compute a range of possible values for total gain with a Illustrate what is meant by the term 'utility,' and how does it relate to purposeful behavior.
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