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Comment on the following statement: “Since the U.S. imports more than it exports, it is necessary for the U.S. to import capital from foreign countries to finance its current account deficits.&r
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 United States has experienced continuous current account deficits since the early 1980s. What do you think are the main causes for the deficits? What would be the consequences of continuous U.S. c
In the City of Joplin, due to weather devastation and hurricane effects, the cost of parking in the local Square has increased by 20%. This change
In a labor -hour, Home country can produce either 10 units of Wine or 4 units of Cloth. Foreign country can produce either 6 units of Cloth or 8 units of Wine. Home country is said to have:
If the price of a product is given by P(x)=(1024/x)+1500, where x represents the demand for the product, find the rate of change of price when the demand is 2.
One assumptions made in developing international feature effect is that all investors inall countries require the same real return.what does this?
1.which barrier is the most restrictive to importers ? which barrier is the most restrictive to exporters ?
If the overall level of interest rates in all countries went up, how would this affect the balance of payments of the United States as a net debtor nation?
If the balance of payments of Alaska were prepared, what do you think it would look like? How about the balance of payments of New York City? What do you think the net investment position of these loc
Even if inflation did increase the value of exports, would the balance of trade and the exchange rate necessarily improve from inflation that is higher than in other countries?
Contrast the pricing and output decisions of firms in pure competition, monopolistic competition, oligopoly, and monopoly with reference to quantity produced, price, marginal revenue, marginal cost, d
Discuss why oligopolists have a strong incentive to collude and to cheat on collusive agreements and discuss the obstacles to collusion among oligopolistic companies.
Describe how a profit-maximizing monopolist sets prices and determines output and discuss price and output under oligopoly, with and without collusion.
A negative externality occurs when an individual or firm making a decision does not have to pay the full cost of the decision. If a good has a negative externality, then the cost to society is greater
Suppose the domestic price (no-international-trade price) of copper is $1.20 a pound in the United States while the world price is $1.00 a pound. Assuming no transportation costs, the United States wi
The percentage of the U.S. labor force that belongs to labor unions has been declining for several decades? What are some of the reasons that labor unions are less prevalent today than they were forty
Microeconomics focuses principally on social and political issues, while macroeconomics involves the study of a nation's monetary system.
Suppose that US prices rise 4 percent over the next year while prices in Mexico rise 6%. According to the purchasing power parity theory of exchange rates, what should happen to the exchange rate betw
Considering an economy with a current trade deficit and considering only the direct effect on income, an expansionary monetary policy tends to
By specializing in the production of one good, a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization?
In the article, "Is Free Trade Pass ," Paul Krugman summarizes and explains research that challenges, and presents alternatives to, the assumptions of classical trade theory based on comparative advan
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
What problems do cartels face in getting all members to cooperate Which specific problems are important for OPEC?
The topic is define the monetary policy and discuss the operation of monetary policy in the united states post global financial crisis.