Question 40 The is the total amount of money that the United States owes. O Budget Surplus Budget Deficit O Internal Revenue Service O National Debt Question 41 Protectionism is most likely to encourage which type of economic policy? O Raising Tariffs on Steel Imports O Lowering Subsidies to Agriculture O Free Trade O Raising Subsidies to Foreign Companies
Q: We can describe inputs as either fixed or variable. Thinking about a company that assembles cars,…
A: 1) Answer:- The building where the assembly takes place. Explanation- Some resources used in the…
Q: 5. Using money creation to pay for government spending Consider Kharkeez, a hypothetical country…
A: Inflation will occur when a nation prints money or fiat currency without increasing its backing with…
Q: Which of the following transactions would be included in GDP? There are 2 correct answers. 1. $50…
A: Gross domestic product is the last worth of the goods and services delivered inside the geographic…
Q: Using the simple interest formula, determine the number of days until $2269.00 will earn $26.54…
A: Given information: Principal amount (P) = $2269 Simple interest (SI) = $26.54 Interest rate (R) =…
Q: Question 22 Which of the following statements is false? a. Saving a portion of one's income in a…
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…
Q: The Blank 1 cost is the capital required for most of the activities in the acquisition phase. Blank…
A: Cost of Acquisition (COA) refers to any capital expenditure made at the time a capital asset is…
Q: Adam Smith's concept of the market system a) would not work without the preponderance of greed…
A: Adam Smith was a Scottish philosopher in the 18th century who was also known as the father of modern…
Q: The U.S. health care delivery system has been criticized for its structural defects: high costs,…
A: Through the analysis of healthcare providers, hospitals, clinics, managed care, and public health…
Q: Question 5 Figure 1.1 is a hypothetical economy producing SUV's and Cars. Which of the following do…
A: A production possibility frontier or PPF is a curve that shows combination of two goods that an…
Q: After seven years of negotiations, 12 countries—including the United States, Japan, Vietnam, and…
A: Economic equilibrium is the mix of economic factors (typically price and quantity) toward which…
Q: Let's assume that Maria is planning to go to UCSB full-time instead of getting a job. Maria: Group…
A: The group of healthy, willing individuals who are either employed or looking for work is known as…
Q: INFORMATION NEEDED TO ANSWER THE QUESTION IS BELOW, AND THE QUESTION IS AT THE END. THANK YOU! Gas…
A: Equilibrium Equilibrium is considered as the point in the market at which the demand and supply in…
Q: Spending on a public good such as national defense does greatly does slightly does not night or…
A: Public goods are non-rival and non-excludable in nature. Non-excludable: It implies that it is…
Q: Which of the following transactions would be included in GDP? (Select All that Apply) Helpful Hint:…
A: Gross domestic product is the total market value of goods and service produced domestically during…
Q: The linear regression equation, Y= a + bX, was estimated. The following computer output was…
A: Given information: We have a linear regression equation Y = a + bX Where Y is a dependent variable…
Q: Find
A: Those between the ages of 15 and 64 are considered to be of working age. The working-age…
Q: If n=200 and X=60, construct a 90% confidence interval estimate for the population proportion (Round…
A: The likelihood that a parameter will fall between two values around the mean is shown by a…
Q: Under which of the following conditions does a country's run a budget deficit in a particular year?…
A: There is single largest source of income for the Government which is from Tax Direct and indirect…
Q: Inflation makes the market unproductive. Justify your answer with suitable examples.
A: Inflation is defined as a general increase in the prices of goods and services implying a decrease…
Q: 1 7 B 2 2 W X Y Z (60, 120) - (50, 50) - (0,0)
A: Nash equilibrium is the best course of action provided strategy of rival firm has been given.
Q: Consider the exchange rates of U.S. dollars to yen. Using figures, explain the following: 1.…
A: The price of a country's currency in relation to another country's currency is known as the exchange…
Q: Differences between use-value, exchange-value, and surplus-value.
A: A person's assessment of an economic good's worth is based on the benefits they stand to get from…
Q: Why have gasoline prices risen faster over the past year, especially in Canada, and what is a policy…
A: The prices of gasoline depends on various factors, both from demand and supply side, which work as a…
Q: Sally believes that any market basket on the income-consumption curve shares the same marginal rate…
A: In financial matters and especially in buyer decision hypothesis, the income-consumption bend is a…
Q: If there are a known finite number of repeated games to be played, the two players will cooperate…
A: A repeating game is an elaborate form game in game theory that is made up of numerous iterations of…
Q: Water Works Plumbing Company is a small owner-managed plumbing services company that serves the…
A: Quasi - fixed means that those labor prices that do not change with hours worked however do change…
Q: Suppose the marginal propensity to consume (MPC) is 0.9 and there is a $4,000 crease in planned…
A: The multiplier value depends on the MPC. The MPC is the ratio of change in consumption to change in…
Q: Pricing criteria based on company's objectives SEATWORK #5 Objectives 1. Sales Volume Turnover 2.…
A: In a market, the pricing strategy of a firm will give an overview of its objective and the market…
Q: An initial increase in investment spending will generate: Less of an increase in income…
A: The amount of desired investment would rise as a result of an increase in investment, which would…
Q: Let's assume that Enrique borrows $420,000 from the Bank of America and let's assume that the…
A: The real interest rate is actual earning on investment. The nominal interest rate does not tell us…
Q: the South African government can fund its deficits without the economy experiencing rising general…
A: The budget deficit occurs where the total revenue is less than the expenditure of government.
Q: Economics suppose the following information is given for turkey and finland. in finland it takes two…
A: According to the question, it is given that : The following information is given for Turkey and…
Q: Which panel of Figure 1.3 illustrates 'supply chain problems' alongside a decrease in consumer…
A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…
Q: The Federal Communications Commission (FCC) has hired you as a consultant to design an auction to…
A: The estimated starting bid or reserve price for the object being auctioned is announced by the…
Q: Find the total money you have in the bank if you invest a 8710 JD for 5 years at a simple interest…
A: Simple interest is basically known to be as the technique which is gradually used to calculate the…
Q: I am lost on step 2, can you explain it a bit more please?
A:
Q: Place the statements based on whether they increase or decrease the bargaining power of suppliers.…
A: Understanding the meaning of a supplier's bargaining power requires an understanding of how…
Q: In macroeconomics, in the Keynesian range of the AS curve _______________. Group of answer choices a…
A: The aggregate supply curve depicts the combinations of aggregate supplied and price level. In the…
Q: A coal mine has Gross income = $250,000 and Mining expenses = $210,000. Question. What is the…
A: Deductions from gross income known as "depletion allowances" in corporate income tax were given to…
Q: When the income is increases then there is demand. A. Demand curve is shifting to the right B.…
A: The relationship between income and demand could be explained only if we know the nature of the good…
Q: What is the difference between income and wealth? Which would you expect to have a more unequal…
A: Income is the progression of cash, got from factors of creation. Then again, abundance is the market…
Q: A child’s grandparents have opened a ₱586702 savings account for the child on the day of her birth.…
A: It is given in the question that, Principal amount(P)=5,86,702. Interest rate(i)=1.7% or 0.017…
Q: What are the effects of a tax cut on consumption and savings in the presence of credit market…
A: Ricardian equivalence claims that the consequences on the national economy of funding government…
Q: Some movie complexes have machines that sell movie tickets. When this occurs, the movie complex is…
A: In economics their are five factors play roll in production. The land, capital, labor,…
Q: For a company to distribute their own tuna in a can, the economy revolving around the canned goods…
A: The components of production that go into the process of manufacturing a particular commodity or…
Q: Pollution taxes
A:
Q: A firm has two factories. Factory 1 has the cost function c (s)- +90. The marginal cost for factory…
A: A firm has 2 factories - Factory 1 & Factor 2 TC1 = c1(y1) = y12+90 TC2 = c2(y2) = 2y22+10 MC1 =…
Q: Ahlam grows carrots in her garden for home consumption. This activity is: 0 0 0 0 a. Excluded from…
A: All the values of final goods and services produced in a year in an economy is counted under GDP.
Q: The Puerto Rico Electric Power Authority (PREPA) is a natural monopoly. The graph shows the demand…
A: Monopoly market has a single seller and has several barriers for new firms to enter in the market. A…
Q: If the price elasticity of demand is 2.0, and a firm raises its price by 10 percent, the total…
A: Price Elasticity of demand is defined as a percentage change in quantity demanded divided by the…
Step by step
Solved in 2 steps
- Generally, how does the standard of living in the United States today compare to the standard of living in other countries? To the standard of living in the United States a century ago?The Bureau of Economic Analysis, or BEA, is a government agency collecting various U.S. economy statistics. From the BEA’s website, find data for the most recent year available on U.S. exports and imports of goods and services. Is the United States running a trade surplus or deficit? Calculate the ratio of the surplus or deficit to U.S. exports.There are many people out there providing opinions on the economy. How can differences of opinion about economic policy recommendations be resolved?2. Show the relative effectiveness of fiscal and monetary policy in developed countries. [Use appropriate diagram if necessary] fast answer please.I just need correct answer of last part with explanation. Please solve only E part. Balance of Payments The year is 2018. Debtland’s GDP is $650 billion. Debtland has a current account deficit of $42 billion. Debtland’s capital account is in a $12 billion surplus. In addition, Debtland factors located in foreign countries earn $17 billion. Debtland has a trade deficit of $33 billion. Assume Debtland neither gives nor receives unilateral transfers, and assume that there are no capital gains on external wealth. a. What was the change in Debtland’s external wealth (W) during 2018? b. Compute Debtland’s net factor income from abroad (NFIA). c. How much income did foreign factors of production earn in Debtland (IMFS)? d. Compute Debtland’s gross national expenditure (GNE), gross national income (GNI), and gross national disposable income (GNDI). e. If Debtland’s external wealth was –$150 billion at the end of 2017, what was it at the end of 2018.
- Assume a U.S. firm buys (imports) $5 million (in U.S. dollars) of foreign goods. That transaction by itself increasesthe trade deficit by $5 million. But, the $5 million will flow back to the United States to purchase either (i) U.S. goodsand services or (ii) U.S. assets.• How does the way the $5 million comes back to the United States determine whether there will be balancedtrade or a trade deficit?• How does the U.S. economy benefit from either transaction (the foreign purchase of U.S. goods and services[exports] or the purchase of U.S. assets)?a. Is it desirable for countries to coordinate their monetary and fiscal policies, or does it work better to have each country decide its own policies independently? Explain.For each of the following, indicate which type of government spending would justify a budget deficit and which would not. Increased federal spending on Medicare Increased spending on education Increased spending on the space program Increased spending on airports and air traffic control
- Assume an economy has a budget surplus of 1,000, private savings of 4,000, and investment of 5,000. Write out a national saving and investment identity for this economy. What will be the balance of trade in this economy? If the budget surplus changes to a budget deficit of 1000k with private saving and investment unchanged, what Is the new balance of trade In this economy?Sketch a diagram of how a budget deficit causes a trade deficit. (Hint: Begin with what will happen to the exchange rate when foreigners demand more U.S. government debt.)If a countrys currency is expected to appreciate in value, what would you think will be the impact of expected exchange rates on yields (e.g., the Interest rate paid on government bonds) in that country? Hint: Think about how expected exchange rate changes and interest rates affect a currencys demand and supply.
- Explain how a shift from a government budget deficit to a budget surplus might affect the exchange rate.Many think that the size of a trade deficit is due to a lack of competitiveness of domestic sectors, such as autos. Explain why this is not true.1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of time.2._______ The ability to produce a specific product moreefficiently than any other nation.3._______ Selling and shipping raw materials or products toother nations.4._______ The ability to produce a specific product moreefficiently than any other product.5._______ All business activities that involve exchangesacross national boundaries.6._______ The total flow of money into a country minus thetotal flow of money out of that country over thesame period of time.7._______ A tax levied on a particular foreign product entering a country.8._______ A complete halt to trading with a particular nationor in a particular product.9._______ An international barter transaction.10. _______ An internationally supported bank that providesloans to developing countries to help them grow.a. countertradeb. foreign exchange controlc. multilateral development bank (MDB)d. absolute advantagee. import…