When a country exports more goods and services than it imports, this is called Multiple Choice a balance of trade deficit. a balance of trade surplus. a positive terms of trade. a negative terms of trade.
Q: 3. (True, False, or Uncertain) The satisficing procedure is unlikely to perform well in an…
A: Satisficing refers to a decision-making method that mainly focuses on achieving an acceptable or…
Q: $300, G-$200, NX -$100, and that the money supply is equal to $300. Based upon these assumptions,…
A: velocity of money supply refers the number of times a currency changes for the purchasing of goods…
Q: There are only two driveway paving companies in a small town, Asphalt, Inc. and Blacktop Bros. The…
A: In Cournot equilibrium the fixed cost is assumed to be zero and there is same marginal cost .…
Q: If the demand for the dollar decreases on the international market, or the supply of the dollar…
A: Appreciation is defined as an increase in teh value of currency whereas depreciation refers to the…
Q: Name at least 2 trade barriers in existence today, and discuss their effect on trade.
A: Exchange boundaries or trade barriers are limitations forced by the public authority of a nation on…
Q: 1. Firms competing in an oligopoly could essentially cooperate a. and act as one monopolist and…
A: In oligopoly market structure, there are a few large firms whose output and price decisions are…
Q: A jeweiry firm buys semprecious stones to make bracelets and rings The supplier quotes a price of…
A: Dear learner you have posted a question with multiple sub parts, as per our policy we have solved…
Q: 3. How is the interest on reserve balances rate a reservation rate? a. Banks should not demand a…
A: Interest rate on reserve balances refers to the rate that is determined by the central bank when two…
Q: A long-run equilibrium for a perfectly competitive industry is characterized by which of the…
A: In the long run, a competitive firm earns only the normal profit or zero economic profit.
Q: Use the information the table below to answer the following bwo questions
A: M1 = cash or coins held by public + demand or checkable deposits M2 = M1 + saving deposits +…
Q: Wakanda is a firm that solely supplies vibranium to Marley and Paradis. The demand function of the…
A: Monopoly will produce the output where MR=M and charges the price for its product from the demand…
Q: How inflation starts in an economy? Why multinational companies feel unsafe to invest in those…
A: When prices rise, your money loses purchasing power, resulting in inflation. A movie ticket in 1980,…
Q: Discuss two cases of price elasticity of demand. Use diagrams to motivate your answer
A: The price elasticity of demand is defined as the percentage change in quantity demanded divided by…
Q: Joe’s Garage (JG) under monopoly faces inverse demand curve P = 200 – 15Q and marginal cost curve MC…
A: The monopoly business model is what is happening where there is a solitary dealer in the market. In…
Q: Consider a country that is a small open economy and that imports beer. Currently, the country…
A: A tariff is a tax imposed by a country on the goods and services that are imported from another…
Q: The use of gasoline creates a negative externality through air polution. What is the size of the…
A: Deadweight loss is the welfare loss i.e. the loss of the society as a whole. In case of negative…
Q: Millet (a type of grain cereal eaten my many in the developing world) and rice are normal goods…
A: When other goods are provided, the demand function is a link between the customer's demand for a…
Q: How does the government intervene in the fixed exchange rate to keep it stable? Explain your answer…
A: Fixed exchange rate A fixed exchange rate is a type of exchange rate system in which a monetary…
Q: 1. To usher in a new era of transformative change for a more sustainable, equitable, and greener…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: irms A and B under duopoly (oligopoly) are competing in an engine production market. Firm A’s…
A: Firm's A MC = $14 Firm's B MC= $15
Q: Table 2 Price Quantity demanded (millions of rooms per night) (dollars per room per night) 200 250…
A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in…
Q: Suppose the inverse demand curve on ore is given by P = X - 0.88 Q. Ore can be either mined or…
A:
Q: QUESTION 10 A boost in consumer sentiment will shifts IS curve to the right. O True O False
A: A boost in consumer confidence means that people are wanting to spend more either on investment or…
Q: All other thing being equal, what happens to the government deficit when the economy is in a…
A: A recession refers to as a period of slow or negative real GDP (output) growth that is accompanied…
Q: 1.Discuss the main drivers of the performance of emerging market currencies since March 2020
A: Various countries' economies have suffered as a result of pandemics, with the virus being the…
Q: In periods of rapid U.S. growth, the rapid growth usually adds to large U.S. trade deficits by: O…
A: Trade deficit is a situation of BOP(balance of payments) when the imports(M) exceeds the exports(X).…
Q: 4)r Consider an economy with 4 individuals: 2 of them are high school graduates and the other 2…
A: Calculation of Variance:- High school graduates earn $3 and $5 per hour College school graduates…
Q: If two identical firms with marginal cost 5 and demand curve P=70-20 compete using the Cournot…
A: Cornout model Let's assume there are two firms, i.e., firm A and firm B. Qa is quantity produced by…
Q: TFQ Consider TOBITC's Balance Sheet $2,500 Reserves $30,000 Deposits $2,500 Bonds $40,000 Loans…
A: When the banks wanted to meet its reserve requirement, the bank can borrow funds in the interbank…
Q: The marginal social cost (MSC) of an electricity generating plant that uses coal is estimated by a…
A: Given information MSC=3Q MPC=Q P=60-2Q
Q: Why do external diseconomies exist
A: Only when economies of scale are no longer in effect for a certain firm or industry do diseconomies…
Q: Suppose 4Sisters is a patented vaccine. Her producer is facing a linear demand function for…
A: Competitive market is where a large number of firms and consumers make up the market. Each firm and…
Q: Determine whether the following statements are TRUE or FALSE statement): 1. Managed Services can…
A: Respective answers for given statements are provided below.
Q: There is a famous saying that “the monopolist is the conservationist's friend." Explain why this…
A: The Non-renewable resources are limited in quantity and such resources must be used judiciously. the…
Q: (c) If you wanted to choose a price ceiling for this monopolist so as to maximize consumer plus…
A:
Q: The General Service Contractor Company paid $400,000 for a house and lot. The value of the land was…
A: The information given is:- The General Service Contractor Company paid $400,000 for a house and lot.…
Q: Explain the quantity theory of money and the effects of an expansion of the money supply. Does the…
A: The quantity theory of money According to the quantity theory of money, an economy's money supply…
Q: According to the Theory of Liquidity Preference, a fall in the price level reduces the amount of…
A: Aggregate demand refers to the total demand generated in an economy for all finished goods and…
Q: QUESTION 4 According to the IS curve, when interest rate i increases, equilibrium output Y will…
A: IS curve shows the relationship between interest rate and income in the goods market. It is a…
Q: What could be the possible consequences of deflation for an economy?
A: Deflation is defined as a drop in the overall price level of all products and services in an economy…
Q: During the economic crisis of the 1970s, the economy was suffering from high levels of inflation.…
A: Monetary policy the Government or central bank used to settle down the Inflation and Recession in…
Q: a. what is the profit maximizing quantity of the good for The industry (Q1) when it is not forced to…
A: Externality refers to spill-over effect of a good on third party which is not involved in either…
Q: An investment of 105,815.40 can be made in a project that will produce a uniform annual revenue of…
A: An investment of 105,815.4 a uniform annual revenue of 53,000 for 5 years a salvage value of 30,000.…
Q: 8. Which of thefllowingsatemens is fale? a. Accordingto the esuls o he oncooperativ, alenatingofer…
A: Game theory refers to the study of strategic interactions between the players in which the choices…
Q: Given the cost data in the table below, the firm will shut down and produce zero output if the…
A: The firm incurs loss if total revenue earned is less than total cost. It implies that firm is not…
Q: Ken and Daniel always eat miso soup and sushi in exact proportions: Ken eats one miso per two…
A: An Edgeworth box (given after Irish philosopher and economist Francis Ysidro Edgeworth, 1881) is a…
Q: Following a demand-side recession, what happens to full employment GDP (C+I+G) after a few…
A: When talking about demand-side recession, it is the situation when people reduces their demand for…
Q: the economy's ability to produce goods and services increases the demand for goods and services will…
A: The money supply curve is vertical because the Fed sets the amount of money available without…
Q: Give an example of a monetary policy action that could produce an increase in aggregate demand. Give…
A: AD(aggregate demand) is the sum of C(consumption), I(investment), G(government spending) in closed…
Q: Payoff Matrix (Profits) A Colludes A Competes A.S150,000 A S400,000 B Colludes BS150,000 8-S150,000…
A: In the game theory, there are different strategies available for the players to choose from and get…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 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 controlSuppose the country of Lilliput exported $145 billion$145 billion worth of goods and imported $423 billion$423 billion worth of goods in the last calendar year. Calculate Lilliput's net exports. $$ billionbillion Lilliput is running neither a trade deficit nor a trade surplus. a trade surplus. a trade deficit.The balance of trade show a deficit of $5000 and the value of imports are $9000what is the value of export
- In 2010, the economy of Minitown exported $1800 worth of goods and services and imported $1550 worth of goods and services. What was Minitown’s trade balance? Was Minitown running a trade surplus or deficit?1. Transfer payments are: A) payments made to firms for investment. B) payments that do not require a good or service in exchange. C) considered a part of government purchases. D) an important component of GDP because they increase consumption spending. 2. A country's exports minus its imports measures: A) net exports. B) gross exports. C) net imports. D) gross imports. 3. A trade deficit occurs when: A) foreign remittances paid are less than foreign remittances received. B) exports are less than imports. C) exports equal imports. D) exports are greater than imports.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?
- If a country has a trade deficit, what will occur?Choose one answer. Imports will exceed exports. Exports will exceed imports. Imports and exports will be equal. d. Currency will be devaluedAssuming 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 $100If consumption is $12 billion, investment is $5 billion, government purchases are $6 billion, exports are $3 billion, and imports are $5 billion, calculate GDP. (Do not include the dollar sign or billion in your answer. So, if your answer is $35 billion, just write in 35 ) is there a trade surplus or deficit?
- If a country has a trade deficit, what will occur?Choose one answer.a. Imports will exceed exports. b. Exports will exceed imports. c. Imports and exports will be equal. d. Currency will be devalued.When exports and imports are exactly equal for a country, this is called... Net imports. Trade surplus. ⒸNet exports. Trade deficit. Balanced trade.If consumption is $300 billion, investment is $100 billion, government purchases are $200 billion, exports are $200 billion, and imports are $100 billion, calculate GDP. (Just leave the numbers in billions.)8. In the previous problem, is the country running a trade deficit or surplus?