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When he was president, Donald Trump noted that in 2017, the USA had a trade deficit of almost $350 billion with China. (That means the dollar value of goods and services China sold to the USA was about $350 billion more than the value of goods and services U.S. companies sold to China.) In response, Trump said that this meant that the USA "lost $350 billion dollars in trading with China."
Was his statement correct? Did U.S. firms lose money by selling to China? If true, explain. If not true, explain.
The revenue for a new product that will stay in market for five years is projected at $45,000 in year 1, and the revenue is expected to reduce by $5,000 per year. What is the present value of the projected revenue stream if the interest rate is 8% pe..
In a new, highly automated factory, labor costs are expected to decrease at an annual compound rate of 5 %; material costs are expected to increase at an annual compound rate of 6%; and energy costs are expected to increase at an annual compound rate..
How much would you have to invest on a monthly basis to yield $1,000,000 in at your retirement i fthe return rate is 4.5% compounded monthly?
In the text, Costa Rica devised a strategic trade policy to accomplish what goals?
What is the most conventional stance regarding the use of absolute value in the definition of Own-price elasticity-Cross-price elasticity
The National Collegiate Athletic Association (NCAA) does not allow its members to play against schools that the NCAA does not certify. Is this a good idea?
If there are no complications, explain how policy makers could stop the financial crisis and end the recession to achieve their three policy goals.
An increase in the supply of money in an economy could be caused by (choose all that apply): a. an increase in the discount rate. b. a decrease in the discount rate. c. an increase in the required reserve ratio. d. a decrease in the required reserve ..
What role do property rights play in creating common property resources? Why are common property resources subject to market failure due to non-excludability?
Suppose the City of Kitchener purchases five electrical sidewalk plows worth $20,000 each to be used over 10 years. Determine the annual payments the City is re
You are an efficiency expert hired by a manufacturing firm that uses K and E as inputs. The production function for a competitive firm is Q = K1/2 E1/2. The firm sells its output at a price of $32, and can hire labor at a wage of $12.44 per hour. In ..
To differentiate its product,a monopolistic competitive firm will engage in all of the following advertising practices EXCEPT
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