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Use the following information to answer the questions below.
NUT 250
Exports 500
Net increase in foreign ownership of U.S.based nonreserve assets 400
Net increase in U.S. government's foreign assets 30
Net increase in U.S. private assets 250
Investment income received in the U.S. 200
Net increase in U.S. ownership of official reserve assets 20
Imports 600
Net increase in foreign ownership of U.S. reserve assets 100
Investment income paid abroad by the U.S. 300
a. What is the current account balance?
b. Does the financial account equal the current account?
c. What is the statistical discrepancy
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The W Company is a member of the beef industry, which is perfectly competitive. The price of a beef is $60. The firm’s total cost function is TC = 100 + 10Q + 5Q2 where TC is total cost (in dollars) and Q is hourly output. What output maximizes profi..
A typical policy will pay the replacement cost of $2500 if the boat is a total loss.
Does the slope of the production function measure average product of labour or the marginal product of a worker?
Explain why it is important to collect competitive intelligence information, and describe some specific ways to collect this information.
The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -3. The firm's marginal cost is constant at $30
What is the impact of raising required reserve ratio on the Federal Funds market?
Reflect on the changes in U.S. manufacturing over the last half century. Why did the United States lose so many jobs? What impact did that job loss have on the U.S. economy and on the economies of countries like China and Mexico that have been the re..
In a local shoe factory, machinery used is outdated and takes too much labor time to make a pair of shoes. Inexpensive imports are flooding the market and it is increasingly hard to compete with imported shoes on price. Briefly discuss steps the mana..
Based on the analysis of the bubble policy given in this chapter, discuss why transaction costs are so important in explaining the success or failure of the EPA's bubble program. How would you devise a program that minimized the transaction costs of ..
A. Suppose McDonalds is an inferior good. Two events occur:
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