The trade deficit is sometimes cited as a prime example of American decline. Explain why this notion

Question:

The trade deficit is sometimes cited as a prime example of American decline. Explain why this notion is not accurate.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics Principles and Policy

ISBN: 978-1305280595

13th edition

Authors: William Baumol, Alan Blinder

See More Books

Question Posted: Apr 16, 2018 07:10 AM

See More Questions

Education is sometimes cited as a source of external benefits. In what way, if at all, does your receiving a college education benefit other people?
Businesses frequently own patents on a number of products they do not produce and sell. This is sometimes cited as evidence that businesses suppress inventions. Is it?
The government of Never-Never Land, after much deliber-ation, finally decides to switch to a fixed exchange rate policy. It does this because the value of its currency, the neverback, is so high that...
Product Strategy Duff has always followed a level production strategy because Duff prefers not to fire and hire employees. Management is open to change if there is enough of a cost benefit for the...
To establish a driver education school, organizers must decide how many cars, instructors, and students to have. Costs are estimated as follows. Annual fixed costs to operate the school are $30,000....
Consider the following sample data: a. Find the sample regression line, = b0 + b1x. b. Construct the 95% confidence interval for E(y) if x = 15. c. Construct the 95% prediction interval for y if x...
For each of the following stream functions, with units of $\mathrm{m}^{2} / \mathrm{s}$, determine the magnitude and the angle the velocity vector makes with the $x$ axis at \(x=1 \mathrm{~m},...
Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California. Management would like to better understand the behavior of the companys costs. One of...
A property owner is evaluating the following alternatives for leasing space in his office building for the next five years: Net lease with steps. Rent will be $15 per square foot the first year and...
Tim Collett practices law under the business title Tim Collett, Attorney at Law, Inc. During November, his law practice engaged in the following transactions: Nov 1 Sold $70,000 of common stock to...
What is the cost disease of the personal services and how does it affect expenditures on education and health care in the United States (and other wealthy nations)?
Explain how innovative entrepreneurs have contributed to the exceptional growth in the U.S. economy.
In a vacuum the speed of an em wave a. depends upon its frequency b. depends upon its wavelength c. depends upon the strength of its electric and magnetic fields d. is a universal constant
Problems 45-50 show scatter diagrams along with a best-fitting line. Match the best-fitting line in each with an appropriate equation named $\mathrm{A}-\mathrm{H}$. A. $y=0.5 x-4$ B. \(y=-0.5...
Suppose the RB link in the previous exercise changes from a bandwidth delay to a propagation delay so that two packets now take 1 second to send. List what is sent and received during the first 8...
Use the formula in Example 1 to determine the sample size in Problems 5-14. The estimated prevalence is $35 \%$, and the desired confidence level is $95 \%$ with a margin of error of $3 \%$.
For the network given in Figure 3.51, give global distance-vector tables like those of Tables 3.12 and 3.15 when: (a) each node knows only the distances to its immediate neighbors. (b) each node has...
Find out the generic format for TCP header options from Request for Comments 793. (a) Outline a strategy that would expand the space available for options beyond the current limit of 44 bytes. (b)...
Establish identity. tan( ) = -tan
Eleni Cabinet Company sold 2,200 cabinets during 2011 at $160 per cabinet. Its beginning inventory on January 1 was 130 cabinets at $56. Purchases made during the year were as follows: February . 225...
To provide incentives for increased efficiency, several regulatory agencies have eliminated ceilings on the profits of regulated firms but instead put caps on their prices. Suppose that a regulated...
A shopkeeper sells his store and signs a contract that restrains him from opening another store in competition with the new owner. The courts have decided that this contract is a reasonable restraint...
Which of the following industries do you expect to have high concentration ratios: automobile production, aircraft manufacture, computer and electronics production, pharmaceuticals, production of...
3. An elastic material fills a cubic-shaped cavity in a rigid metal form. The properties of the material are: E = 15000 MPa v = 0.25 = 120 10-6/C (coefficient of thermal expansion) The material is...
Every decision has an Opportunity Cost due to the nature of scarcity, there is always a better alternative not chosen, therefore, there is always an opportunity cost. "The opportunity cost of an...
Compute Apple's profit margin for the year ended September 24, 2022. Express amount in decimal form, rounded 3 digits (e.g., express 7.3% as 0.073) Net sales: Products Services Total net sales Cost...

The trade deficit is sometimes cited as a prime example of American decline. Explain why this notion

Question:

Step by Step Answer:

This notion is not accurate because trade is inevitab...View the full answer

Economics Principles and Policy

Students also viewed these Business questions