Principles of Economics, 7th Edition (MindTap Course List)
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
Question
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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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