Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 32, Problem 1PA
To determine
The reason behind the high trade surplus of Japan.
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If China has a trade surplus with the United States, it is a good thing for the U.S economy? True or False
You work for a Nova Scotia Company trying to successfully enter the cranberry market in Australia. Analyze the entry country (Australia) based on the following;
What are the major exports, dollar value, and trends? What are the major imports, dollar value, and trends? Does the entry country have a surplus or deficit for trade? What are the exchange rates? Are there any restrictions on currency trade?
You should also consider sweat shops, skilled labor, employee unrest, political and social activists and labor unions in your analysis.
Only one of the following statements about the trade surplus is correct. Which one is it?
a. the government should always strive for a trade surplus and a healthy inflow of foreign capital
b. the government generating a trade surplus is better than increasing foreign capital inflows
c. increasing foreign capital investment is better than generating a trade surplus
d. generating a trade surplus and an overall net inflow of capital is impossible
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Principles of Economics, 7th Edition (MindTap Course List)
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- The United States has enjoyed a trade surplus during the last two decades.True or Falsearrow_forwardA mercantilist nation is focused on achieving a favorable balance of trade. To do this, it aims to export more than it imports, thereby accumulating wealth. Considering this goal, which of the following scenarios best illustrates a successful mercantilist policy? A) The nation imports luxury goods in large quantities.B) The nation exports goods equivalent to its imports.C) The nation's exports exceed its imports, leading to an influx of gold and silver.D) The nation focuses on self-sufficiency and reduces both imports and exports.arrow_forward
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