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Using the information in the following table on Mexico's 1996 international transactions to answer the questions (amounts are in U.S. dollar values in millions):
Merchandise Imports $89,469
Merchandise Exports $96,000
Services Exports $10,901
Services Imports $10,819
Investment Income receipts $17,099
Unilateral Transfers $ 4,531
Given the information above, what is the balance of trade?
What is the current account?
Did Mexico become a larger international debtor during 1996?
Review key elements which characterize and define health insurance. Assemble a 400 word brief which identifies two of the most important characteristics of health insurance and provide for each characteristic identified:
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Grapes must be harvested by hand. This production function is characterized by fixed proportions - each worker must have one pair of stem clippers to produce any output. Suppose a vinyard owner currently has 20 clippers. If the owner wishes to utiliz..
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How are the different dimensions of globalization - economic, political, cultural, ecological - connected?
Yet medicines with brand names that the man recognizes from TV commercials sell for more than the unadvertised versions. Elucidate in economic terms, this perplexing situation to the father.
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Stores that sell wedding dresses do not typically permit photos, and do not have tags in the dresses that would identify the manufacturer and style type. What is the purpose of these rules? Suggest one other way of accomplishing the same objective.
Derive the LM curve when the money supply increases by 500. Derive the LM curve when money supply decreases by 10%. Find the value of money demanded when income Y = 15,000 and interest rate R = 5. Is this equilibrium? Why? Why not?
What factors can contribute to unemployment? How can technology lead to greater unemployment, or is it a benefit to the economy? Can inflation cause or effect unemployment? How?
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