A country has a trade surplus when Group of answer choices its exports exceed its imports. its government spending exceeds its tax revenues. its exports equal its imports. its exports are less than its imports.
Q: Consider the two player game described by the payoff matrix below. L -1,5 -1,1 U D R 2,1 1,0 How…
A: For the iterative elimination of the strongly dominated strategies. Looking at the best response…
Q: Suppose you earn $50,000 per year and pay taxes based on marginal tax rates. The first tax bracket,…
A: A tax is a payment made by citizens to the government in exchange for the services it offers.A tax…
Q: 20-1 Your product fail about 2% of the time, on average. Some customers purchase the extended…
A: Adverse selection occurs when there's a lack of symmetric information before a deal between a buyer…
Q: N1 New equipment costing $35,000 has a 5 -year life and no salvage value. Benefits are expected…
A: New Equipment = 35,000 Salvage Value = 0 n = 5 years Benefits = 9000 Combined marginal Income tax =…
Q: Consider the following balance sheet for Watchover Savings Incorporated (in millions): Assets…
A: Interest on loans and interest on deposits are the main sources of income and expenses for banks,…
Q: The elasticity of demand for energy- ‘Electricity, and Gas’- is relatively price inelastic in the…
A: Elasticity of demand refers to the responsiveness of consumers to the change in the market price of…
Q: Suppose that the IS curve of an economy can be written as Y=21-2r, and the monetary policy is…
A: Given the equation of the IS curve : Y= 21-2r......(i) Equation of the MP curve : r= 1+0.5…
Q: The following game shows Delta and Spirit's payoffs in billions of dollars from pricing their…
A: We have 2×2 matrix game between players delta and spirit. Where each has to decide whether to choose…
Q: It is assumed that everything else stays constant. The economy has Consumption $90, Investment…
A: Aggregate Demand has four components, namely, Private consumption expenditure( C) Private…
Q: 4. What is the opportunity cost of producing one unit of Wheat in the U.S? 5. Which country should…
A: Opportunity cost is the cost of producing one good in terms of other. Opportunity cost shows the…
Q: An oligopolist can price discriminate if it is able to prices on customers with elastic demand and…
A: Customers pay different prices for the same products or services under the pricing model called…
Q: A country produces two goods: X ( X-axis) and Y ( Y-axis). When the price of x is doubled ( 2x) and…
A: The isovalue lines are downward-sloping lines that determine how much of two commodities can be…
Q: Which of the following is NOT a potential harm of the Monopoly market structure? [Hint: Which is a…
A: Monopoly is a market arrangement when there is only one seller who has complete market control. The…
Q: 6. A large number of new estate agents (with the same technology as existing firms) enter the…
A: perfect competition market is the structure of market where large numbers of buyers and sellers…
Q: suppose that Charlie faces the same choice, but he always integrates the gains or losses of both…
A: Given, Value Function: Value increases by $3,000 each day; probability = 60% Value decreases by…
Q: Calculate the correlation coefficient for the following ordered pairs. 2 D 5 r= X y 8 6 5 9 2 11…
A: A correlation coefficient refers to a statistical indicator of how well changes in one variable's…
Q: The amount of time producers and buyers have to adjust to price changes will do what to price…
A: Price elasticity measures the degree of responsiveness of demand or supply with respect to change…
Q: Which of the following is most likely to happen as an economy moves along a production possibility…
A: Option - A : Marginal costs of producing more services will rise, but allocative efficiency may…
Q: This is Engineering economics subject... Please Answer the following in your own words. 1.…
A: Engineers place a high priority on the study of engineering economics. This course explains why…
Q: Match the following scenarios to whether they refer to an expansionary or contractionary monetary…
A: Monetary policy is used to control the money supply in the economy. There are two types of monetary…
Q: An advertisement is let for the sale of a 10-acre parcel fo $10,000. The parcel may be used for…
A: The interest rate is the percentage you pay to borrow money from a lender for a specific period of…
Q: 3. Breakdown of a cartel agreement Consider a town in which only two residents, Gregor and Haidy,…
A:
Q: You see that an industry has only a few major firms. How could you best determine that this market…
A: Market structure is determined on the basis of a few factors such as the type of the product, the…
Q: At the given wage and price level, Blewitt's should hire Suppose that the price of blueberries…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: This question relates to Fed policy tools and monetary policy in the present. The refers to the…
A: The actions taken by the Federal Bank in order to make the economy stable and healthy in terms of…
Q: Bill Clinton reportedly was paid $15.0 million to write his book My Life. The book took three years…
A: Net present value (or, NPV) is the difference between the present worth of money inflows and the…
Q: onsider a bank with the following balance sheet: Assets-150 Liabilities-110 Capital-40…
A: bank is the financial institution which accepts the deposits and advance loans to the People for…
Q: Consider the supply and demand schedules in this figure (Qd=10-2P, Qs=3P). In autarky, what is the…
A: The exchnage of goods and services across borders is known as the international trade. Under free…
Q: What is Efficiency Wage? What are are some of the advantages and disadvantages of Efficiency wages?…
A: Effectiveness wages are above-market wages paid by bosses to work on the efficiency of their labor…
Q: What is the average variable cost associated with 38 units of output? $1.05 $.95 $.42 O $1.37
A: Total cost refers to the total amount of cost involved in producing the goods and services. These…
Q: Product OA $3,320 OB. $3,690 OC. $6.360 OD. $7,035 Movies Burgers Bikes 2017 Quantity 20 100 3 Price…
A: Real GDP is GDP measured in the prices of the base year. Real GDP in 2020 = Quantity of Burgers in…
Q: If you increase the total amount of labor, the labor constraints curve becomes flatter. true or…
A: Labor constraint curve is the one which show the relationship between the labor and the wages which…
Q: What effects does the Federal Reserve have on the economy? Select the three correct answers.…
A: The Federal reserve refers to the central bank of United Nations that performs all the functions of…
Q: Use the table below to answer the following question. Income (Dollars) 20,000 24,000 0.75 What is…
A: Marginal Propensity to Consume measures the proportion of an rised income that gets spent on the…
Q: The table below shows the short run production function for Corey's Card Store. Number of workers 1…
A: Diminishing marginal returns: When the quantity of a single element of production is gradually…
Q: Is underdevelopment a domestic or internally induced phenomenon? Explain the implication of extreme…
A: Economic development initiatives are programmes, policies, or actions that attempt to improve a…
Q: Assume a closed economy (no import or export) characterised by the following equations describing…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: A price floor holds prices above the equilibrium price. If nothing else changes, there will:…
A: Price floor is the price set by the government which is minimum price that should be charged from…
Q: P $12 $9 $3 equal to greater than Q" less than The figure above shows the market for pies. According…
A: Price Elasticity shows the change in quantity due to change in price. When the demand is elastic ,…
Q: QUESTION 26 Not all entrepreneurs have responsibilities toward their employees. True False QUESTION…
A: Since you have posted multiple questions, we will provide the solution only to the first question as…
Q: You sell bicycle theft insurance. If bicycle owners do not know whether they are high or low risk…
A: Individuals purchase insurance to cover themselves against the potential risk of loss. There are…
Q: QUESTION 5 If Ali is not a partner in a General Partnership, but his name was included in the…
A: Part 5 Option c is correct. If Ali is not a partner in a general partnership and his name is used…
Q: Agroscience Company, Cypress, TX manufactures a certain product with estimated variable costs, per…
A: The total cost of a firm is given by: Total Cost = Total Fixed Cost + Total Variable Cost Total…
Q: The variable Fraud/Not-Fraud would be considered a dummy variable in a regression a) True b) False
A: A regression analysis looks into the causal relationship between dependent and independent…
Q: After 8 years of use, the heavy-truck engine-overhaul equipment at Pete's Truck Repair was evaluated…
A: The annual worth (AW) value for an option is included two parts: capital recovery for the initial…
Q: Welcome to Nellyville! The table below contains statistics you can use to calculate the various…
A: Unemployment happens when somebody is willing and able to work yet doesn't have a paid job. The…
Q: Compare the functions of the Federal Reserve district banks with those for the Board of Governors. O…
A: Banks are the financial institutions in any country that aim at building proper relationships…
Q: In the given question What will be the Net indirect taxes if the subsidies are 610 and Indirect…
A: An Subsidy is any monetary guide given by an administration to a maker or vender of a decent or…
Q: Consider a pure exchange economy with 2 consumers, 1 and 2, who trade financial assets. There are…
A: A Walrasian equilibrium refers to a vector of prices, and a consumption bundle for each individual,…
Q: ne practical limitation with Keynesian economics is the challenge of implementing active economic…
A: The numerous macroeconomic theories and models of how aggregate demand significantly affects…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Occasionally, a government official will argue that a country should strive for both a trade surplus and a healthy inflow of capital from abroad. Is this possible?A country has 4,000 in domestic savings and firms spent 4,140 on new plant and equipment. The national budget surplus is 60. What must the country’s trade balance be?If the United States imports more than it exports, it will have a: trade surplus, trade deficit, import balance, trade balance
- Discuss the effects of domestic support on imports and export? Give an example.A positive balance of trade is when: A. imports are greater than exports B. exports are greater than imports C. exports equal imports D. All of the AboveSuppose there is a rise in foreign output, Y*. This rise in Y* will cause which of the following to occur?The domestic country’s output decreases.The domestic country’s consumption increases.The domestic country’s trade balance worsens.all of the abovenone of the above
- What is a trade deficit? a) When a country exports more goods than it imports b) When a country's imports and exports are balanced c) When a country imports more goods than it exports d) When a country has no international tradeIf a country's GDP is $10 trillion, its exports are $1 trillion, and its imports are $1.5 trillion, then its trade/GDP ratio is:A high value of a currency would result in which of the following?Select one:a. Greater competitiveness of exportsb. More exportsc. Increased demand of the higher value currencyd. Increased demand of exports of higher currency value products e. More ImportsIf
- (a) With the help of a graph, explain how the quantities of exports and imports of a country canbe determined in a two-country and two-goods world. (b) Explain with the help of a graph theeffect of an increase in the relative price of the exported good of a country on its welfare.Assuming that a country has a trade deficit of $50 billion, which of the following is true: A. The country's exports are $120 billion and its imports are $180 billion B. The country's exports are $100 billion and its exports are $150 billion c. The country's imports are $120 billion and its exports are $180 billion d. The country's exports are $150 billion and its imports are $100In 2019, the total U.S. trade with foreign countries was $5.6 trillion. How do U.S exports affect domestic production? In contrast, how do U.S. imports affect domestic production? Explain the consequences of reducing U.S. imports to $0.
