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Question: 1. What is meant by the balance of payments?
2. What economic transactions give rise to the receipt of dollars from foreigners? What transactions give rise to payments to foreigners?
3. Why does the balance-of-payments statement "balance"?
4. From a functional viewpoint, a nation's balance of payments can be grouped into several categories. What are these categories?
5. What financial assets are categorized as official reserve assets for the United States? 6. What is the meaning of a surplus (deficit) on the
(a) merchandise trade balance,
(b) goods and services balance, and
(c) current account balance?
How much of that revenue is paid by the hotel and the consumer? Draw two Supply-Demand graphs: one with the situation before the tax, and another after the tax.
A flood control project with a life of 12 years will require an investment of $300,000 and annual maintenance costs of $25,000. The project will provide no benefits for the first two years however will save $40,000 per year in flood damage starting i..
For this problem assume that the market basket is defined as 1 hammer, 1 lawn mower, 1 unit of groceries for the year, and 2 bicycles. Note in this problem you may want to use a calculator and round all numbers to the nearest hundredth. Compute th..
Suppose the average value that a person in a certain city places on having 1000 extra police of?cers out on the streets for a year is $10. Some people have a higher value and some a lower value. The population is 7 million.
what is the consumer expenditure survey ce? how has the survey behaved since the year 2000? what have been the causes
How do Marx, Dewey, Hayek, Sandel, Stout, and Chatterjee think about the following questions? What is political organization?Is it a good thing, a bad thing, (or a little of both) - Why?
1. what was real gdp for 2009? a.what does gdp tell us? b.how did gdp change from 2008? c.what caused these changes?2.
Mark Coney is considering investing in Wiggles Pet Food Company. Wiggles' net income increased considerably during the most recent year even though many.
Suppose there are two demand curves, one is flat (elastic) and the other steep (inelastic). Which one would be the demand for water, the flatter one or steeper one and why?
J&E Fine Wines recently purchased a new grape press for $150,000. The annual operating and maintenance costs for the press are estimated to be $7500.
Describe the relationship between price, short-run marginal cost, long- run average cost and short-run average cost in the final long-run competitive equilibrium condition. What are economic profits in this long-run equilibrium condition?
The tablebelow shows the number of units of output that a firm can produce per day, as function of the number ofworkers hired. The firm is price-taker in both the labor market and the output market. The market priceof a unit of output is $20, and the..
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