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1. Explain the relationship between the current account of the balance of payments and the international investment position of a nation. Since the late 1980s, the U.S. has become the world's largest debtor nation. Explain why some observers feel that this net negative balance of international indebtedness is a problem and why others do not.
2. With the demise of the Bretton Woods fixed exchange rate system, the major functions of the International Monetary Fund have been to both serve as a lender of last resort and also to help countries coordinate macroeconomic policies. Explain why macroeconomic policy coordination is important for the stability of exchange rates.
3. Explain the various types of exchange rate systems that countries can adopt, and discuss the benefits and weaknesses of each.
4. Discuss how international factor movements can be seen as a substitute for international trade. How might they be seen as complements? How might trade barriers (or the lack of trade barriers) be related to this question?
5. Discuss some of the similarities and some of the differences between NAFTA and the European Union. What implications do you think the differences will have for the ultimate impacts of the two agreements?
problem 1. suppose the market for oil is characterized by the demand p 7 - q where q is the total quantity supplied
Discuss and explain japans slow economic growth over the past few decades and the projection that this will continue.
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State the EDI or procurement vendor you researched and discuss - How the system adds value to the efficiency and effectiveness of supply.
If someone said "My personal economic theory is live below my means..." what does this mean and what implications does t.is have for that person's economic future?
A computer company produces hardware and software using the same plant and labor.
Calculate the equilibrium market price
If the elasticity of crime with respect to the number of police is estimated to be -0.5 and the number of police fell by 5% and, over that same time period, homicide rates increased by 20% then
In 1955, Akio Morita, founder of Sony, came to the U.S. to drum-up sales for a new product his company had recently developed. Morita anticipated that Sony would sell approximately 30,000 transistor radios per year to get started. What was Morita dra..
Presume the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.6, and a typical gasoline retailer enjoys sales of $1,450,000 annually. What is the price elasticity of demand for a representative gasoline reta..
you are between jobs and have decided to relocate to a city west of the mississippi river but you are unsure of what
South Korea is one of the major beef importing countries. With no international trade, Korea's equilibrium price for beef was $10 million per kilo tonne and equilibrium quantity was 30 kilo tonne.
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