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1. Find National Trade Data.
2. Determine the trade balance between the U.S. and China for the most recent five year period.
3. Illustrate the trend over this period with a graph of the data.
Based on the data provided, create a report in Microsoft Word discussing the trade balance between China and the U.S. for the most recent five year period.
In your discussion, include an analysis of the effect of such trade balance on the economies of China and the U.S., both individually and comparatively.
Justify your discussion and analysis by using appropriate examples and references.
Include in your report an analysis of the impact on the U.S. economy of the situation where China holds such a large amount of the U.S. debt.
The office-cleaning market is perfectly competitive. Consider a typical off-cleaning firm that currently faces $24 in fixed costs and an $8 hourly wage for workers. The price the firm gets for each office cleaned is $56 at the present market price.
Suppose that in 1984 the total output in a single-good economy was 10,000 buckets of chicken and the price of each bucket of chicken was $10. In 2005 the price per bucket of chicken was $20 and 22,000 buckets were produced.
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