Q: Net exports will be positive if A import > export в export > import export = import export = zero
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A: The answer is given below
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A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If…
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Q: Algebraically, the relationship between imports and income can be written as Select one: a. IM = m/Y…
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Q: does not increase output and employment but prices.
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- “The total demand for goods and services consists of consumption demand,investment demand, government demand and net exports.” In terms of thisstatement, discuss the three sets of demand factors that can lead to economicgrowth.Using the following equation calculate the equilibrium income C=100 + 0.5Y G=500 I=600 Export=60 Imports =75Durable goods and non-durable goods comprise approximately ________ of the supply side of the GDP. 1% 20% 30% 55%
- Are firms primarily buyers or sellers in the goods and services market? In the labor market?what is it when the goods and services demanded decreases because when the price level increases every one spouse can purchase fewer goods and servicesThe diagram that shows the income received and payments made by each sector of the economy is the: Select one: A. Income-expenditure diagram B. Income-price diagram C. Circular flow diagram D. Aggregate supply-aggregate demand diagram
- Which is now the largest single component of the supply side of GDP, representing over half of GDP? Durable goods Services Nondurable goods StructuresThe following graphs show the relationship between the price of cherries and the quantity of cherries supplied in two different regions, the North and the and South. Assume that the two lines are parallel. In the North, if the price goes down by $0.20 per pound, then the quantity supplied in the North goes down by 200 pounds per year. If the price of cherries goes down by $0.20 in the South, what will happen to the quantity supplied? A. There is not enough information given to determine the supply change in the South. B. The quantity will decrease by 200 pounds per year. C. The quantity will increase by 100 pounds per year. D. The quantity will increase by 200 pounds per year.People sometimes argue that imports should be limited by government policy. Suppose a government quota on the quantity of imports causes net exports to rise. Using the circular flow diagram as a guide, explain why total expenditures and national output may rise after the quota in imposed. Who is likely to benefit from the quota? Who will be hurt?
