Describe the balance of payments and what it seeks to measure. Describe the three accounts included and what these measure. Explain how an understanding of the balance of payments helps to have a more complete of exchange that takes between nations rather than focusing on the balance of goods and services. Discuss the relationship between the current account and savings, investment, and government finances. Is the current account in itself the best measure of unsustainable trade imbalances? Explain why or why not.

1. Fiat money

Select one:

a. can be exchanged for gold and silver.

b. is found in gold certificates .

c. is not acceptable in the U.S.

d. is accepted on faith.

2. Core inflation excludes price changes in food and energy because these price chang-es

Select one:

a. may not be related to a trend in the economy's overall price level.

b. may be related to trend factors in the economy's overall price level.

c. are not volatile.

d. show a constant inflation rate.

3. Which of the following is seen as a benefit to society in moving away from using checks to electronic banking?

Select one:

a. processing checks is a capital-intensive process

b. electronic banking is a labor-intensive process

c. processing checks is less costly than electronic banking

d. electronic banking is a more efficient process than check clearing

4. What agency processes most of the electronic payments?

Select one:

a. the Treasury

b. the Congress

c. the FDIC

d. the Fed

5. Disinflation

Select one:

a. is the same thing as deflation.

b. is a slowdown in the rate of inflation.

c. is a persistent decline in the level of prices.

d. is usually considered a bad thing.

6. To combat unemployment the government should use fiscal and monetary policies to

Select one:

a. run a deficit and increase the money supply.

b. run a deficit and decrease the money supply.

c. run a surplus and increase the money supply.

d. run a surplus and decrease the money supply.

7. Government demand-management policies that are used to try to increase the equi-librium level of output in the economy are known as

Select one:

a. expansionary policies.

b. fiscal dividends.

c. output policies.

d. laissez-faire policies.

8. Although prices in the United States and France may be stable, changes in the ex-change rate between dollars and euros can make the actual cost of trade more expensive for one or the other.

Select one:

a. true

b. false

International Economics

Discuss why free trade agreements (FTA) are growing so fast nowadays. How does the Covid-19 pandemic affect FTA implementation? State your arguments and opinions to support the facts. The length of your work should be at least 3 Microsoft Word pages with Times New Roman font size 12, spacing 1.5.

A monopolist faces the demand curve P =11 Q,
where P is measured in dollars per unit and Q in thousands of units. The monopolist has a constant average cost of $6 per unit.
Answer the following questions, showing all workings.
a) Calculate the monopolists profit-maximizing price and quantity. Calculate the
monopolists profit.

b) Draw the average and marginal revenue curves and the average and
marginal cost curves for the monopolist including the area of profits (label the diagram accurately showing prices and quantity, along with all curves for full marks).

c) A government regulatory agency sets a price ceiling of $7 per unit.
Calculate what quantity will be produced and explain why it will be produced at that quantity.

d) Using the new price ceiling and your quantity produced figures from
part c), calculate the new profit for the monopolist.

4. Assess the motivations of drug companies that do their testing overseas. Do you think test subjects are being exploited or taken advantage of? Under what circumstances, if any, are companies morally justified in testing overseas?

business ethics chapter case 5.2 drug delimas

1. Assume that domestic demand function for oil is Q=200-P and the domestic supply function is Q=-20+P.

1. Calculate the perfectly competitive equilibrium quantity and price.
2. Calculate the consumer surpluss and the producer surpluss at perfect competition.
3. The country opens up for trade and the world price for oil is only $50. How much oil will be imported?
4. Calculate the consumer and producer surpluss and deadweight loss/gain (compared to no trade) under free trade.
5. Assume that the government imposes $10 per unit tariff on imported oil. How much oil will be imported?
6. Calculate the consumer and producer surpluss and deadweight loss/gain (compared to free trade) under tariff policy

Macropoland, a country that is a natural gas and oil importer, has a natural rate of unemployment (at the full employment level of GDP) that is about 4.5%, and the long run average rate of inflation over time has been about 2%. However, during the period 1973-1974, the country experienced an inflation rate of about 15% while simultaneously experiencing unemployment of nearly 13%.

At the present time, Macropoland is experiencing very sluggish consumption and investment (a result of a fall in the housing market), and unemployment has again edged up to around 9%. Inflation is very low at 0.4%.

Macropoland has just hired you as their economic advisor. You have a big job ahead of you. Using your knowledge of aggregate demand and aggregate supply, can you explain what happened in these two time periods?

Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.

write a conclusion based on international business correspondence

Suppose that producing a bicycle generates no environmental degradation, while buying and riding a bicycle (consumption) help reduce greenhouse gas emissions. In contrast, producing, buying and driving a car do generate greenhouse gas emissions. Based on this information, for each economic activity, first discuss whether there is externality and what type of externality it is and explain why (e.g., production/consumption of cars/bicycles leads to positive/negative/no production/consumption externality because … … …). When explaining your reasoning, make sure you relate your specific answer to the definition of externalities. Then, for each economic activity given above (e.g., production/consumption of cars/bicycles), compare private costs and benefits with the true cost and benefit to society

Give one example of a government-imposed price control and explain:

1. how it works,
2. a situation in the marketplace in which you have seen it occurring, and
3. what effects you see.

WHAT IS THE MEANING OF SUSTAINABLE DEVELOPMENT? WHAT WOULD THIS CONCEPT ENTAIL IN TERMS OF PRACTICAL POLICY FORMULATION AND IMPLEMENTATION? HOW COULD IT BE APPLIED IN THE MANAGEMENT OF AND AS A SOLUTION TO, ENVIRONMENTAL PROBLEMS AND CHALLENGES FACED BY CANADA?

The Malaysian economy has gone through structural transformation, explain the transformation steps of Malaysian economy from being agricultural economy to manufacturing as the engine of economic growth and to the service sector as the engine of economic growth in terms of macroeconomic variable conurbation of every sector to the Gross Demotic Product (GDP), employment generation exports and valued added.

). Use incremental analysis to compare the two project options shown below. The number of periods is 10 and the MARR is 7%

1. Use NPW analysis to determine the internal rate of return for the incremental cash flow (15 points).
   1. Calculate the incremental cash flow and show your results in the column provided above.
   2. Write an equation for NPW for the delta column.
   3. Solve for NPW of the delta column using a variety of interest rates. Tabulate your results. Continue solving for NPW until you find the two particular interest rates (using the interest tables in the back of your textbook) where one interest rate yields a negative NPW and the interest rate on the next page yields a positive NPW.
   4. Based on the results from part iii, state the range of interest rates for ∆IRR. For example, x% < ∆IRR < y%.

Determine which option should be selected, based on the incremental analysis. State why (

A_How economic development can impact trip generation? Sketch the relationship between them (write between 100-150 words)                            [10 marks]

B_What are the major elements in calculating the future trips and why it’s important to have the number of trips (write between 50-100 words)

Use the standard trade model to show how export-biased growth lowers a country's terms of trade. Using two diagrams of the country's PPF, show how the export-biased growth can lead to either an increase or a decrease in the welfare of the country.