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In contrast to the U.S., Japan has realized continuous current account surpluses. What could be the main causes for these surpluses? Is it desirable to have continuous current account surpluses?
The nations of Figistan and Blah are small island nations in South Pacific. Both manufacture fruit and timber. Each island has a labor force of 1,200. The table listed below gives production per month per worker in each nation:
When the beer arrived it was found to be flat and Paddy's rejected it. Paddy's Pub could not find another source to buy the same beer for the same price. Paddy's was forced to buy the beer from another source at $55 per keg.
Using supply and demand analysis for manufactures and assuming Canada is a high priced producer compared to the US, draw the supply and demand curves for Canada and the US as well as the import demand and supply curves assuming free trade
Describe how each of the following will affect the relative values of the dollar and the French franc, Income growth higher in the US than in France.
Since 1950, the price of modest sedans has gone from $2,000 to over $13,000, for, say, a Ford Focus or Chevrolet Cavalier. Yet the number of cars purchased by Americans has substantially increased.
The average retail price of the cookbooks will be $30, and their average cost will be $20.Assume that the equation for demand is Q = 40,000 500P, where
The customer price index is a fixed weight index. It compares the price of fixed bundle of goods in 1-year with the value of the same bundle of goods in some base year.
essay on Research how the value of Chinese currency is determined and what political pressures are being placed on the Chinese government to change their method of determining their currency's value.
City of New York was building a new civic center and had a deadline to get a hugh event. They had a contractor doing the work with 60 days to finish. The city's police union was in negotiations with the city and the union wasn't happy with the pro..
The British government has issued inflation-indexed bonds for many years. (a)Explain briefly how you can form expectations about inflation using the rates on the non-indexed and the inflation-indexed bonds.
Suppose If factor-intensity reversals were indeed prevalent in the real world, how might this fact be used to describe the Leontief paradox?
A drug manufacturer sells a major drug in Europe and in the United States. The demand curve for the drug in Europe is P E = 10 - Q E, where P E is the price (in dollars per pound) and Q E is the quantity (in millions of pounds) sold in Europe.
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