The United States exports services and imports coffee. Why does the United States gain from exporting services

Question:

The United States exports services and imports coffee. Why does the United States gain from exporting services and importing coffee? How do economists measure the net gain from this international trade?

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

Step by Step Answer:

Related Book For book-img-for-question

Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

See More Books

Question Posted: May 22, 2018 12:53 AM

See More Questions

Assume the United States exports 1,000 computers at a price of $3,000 each and imports 150 UK autos at a price of 10,000 each. Assume that the dollar/pound exchange rate is $2 per pound. a....
The United States exports corn and aircraft to the rest of the world, and it imports oil and clothing from the rest of the world. Do you think this pattern of trade is consistent with the principle...
Last year, Canadas exports to the U.S. exceeded imports from the U.S. by 23%. By what percentage were the United States exports to Canada less than its imports from Canada?
Suppose there are three buyers of candy in a market: Tex, Dex, and Rex. The market demand and the individual demands of Tex, Dex, and Rex are shown on the next page. a. Fill in the table for the...
Discuss how women's style of leading is typically different from men's.
For the system of Experiment 8A: a. Set the sample rate at 1 kHz (TSample = 0.001) and zero feed-forward. Tune the PI controller so KVis at the maximum value without overshoot and KI causes about 10%...
A simple pendulum of length $0.8 \mathrm{~m}$ is released from the initial position of $80^{\circ}$ from the vertical. How long does it take to reach the position $\theta=0^{\circ}$ ?
The state of Glottamora has $100 million remaining in its budget for the current year. One alternative is to give Glottamorans a one-time tax rebate. Alternatively, two proposals have been made for...
The following units of an item were available for sale during the year: Beginning inventory 42 units at $44 Sale 37 units at $70 First purchase 17 units at $45 Sale 12 units at $70 Second purchase...
A luncheon speaker stated that the number of life insurers has declined sharply during the past decade because of the increase in company mergers and acquisitions, demutualization of insurers, and...
Suppose that the world price of sugar is 20 cents a pound, Brazil does not trade internationally, and the equilibrium price of sugar in Brazil is 10 cents a pound. Brazil then begins to trade...
If the government of Mexico introduces a $2,000 tariff on car imports, what will be the price of a car in Mexico, the quantity of cars produced in Mexico, the quantity imported into Mexico, and the...
Compare the marginal utility per dollar from train travel and from air travel. As the time it takes to get through airports has increased, other means of travel have begun to look more attractive....
Explain how Audience Researches reshape the Communications Theories and support it with a Legacy Media (TV, Radio) example.
Incident Report Write an Incident Report in a "Memo" style based on ONE of the situations found in the "Workplace Accident Prevent It!" public service advertisements. This is not about "filling out"...
1.Based on watching the conflict between Brooke and Gary,what inferences might be drawn regarding their relational system and interactions? 2. Does the conflict between Brooke and Gary seem toxic?...
1. What are the reasons for poor team performance and how does each tie into team-building activities? Give an example from a current event where poor team performance was evident. 2. How do...
Provide statistical information and evidence how researchers use statistical concepts. Discuss.
Ichiro throws a baseball with an initial speed of 145 feet per second at an angle of 20 to the horizontal. The ball leaves Ichiros hand at a height of 5 feet. (a) Find parametric equations that model...
What are the four types of poultry production systems? Explain each type.
Robots at Kroger, Walmart, and Whole Foods The grocery industry is stepping up its investment in robot technology. Retailers are spending an estimated $3.6 billion in robot technology globally, and...
Robots at Kroger, Walmart, and Whole Foods The grocery industry is stepping up its investment in robot technology. Retailers are spending an estimated $3.6 billion in robot technology globally, and...
Read Eye on the Coach and then draw demand-supply graphs to illustrate the markets for football coaches and economics professors. Explain the differences in the equilibrium wage rates and the...
Write a simple implementation of an LRU (Least Recently Used) cache with a given capacity. If the cache is full, the least recently used item should be evicted when adding a new item.
LGP produces computer hardware equipment. The following information was collected for the latest month: Actual market size (units) 32,000 Budgeted market size (units) 20,000 Actual market share 40%...
Sandhill Corporation is in the process of setting a selling price for a recently designed product. The following data relate to this product at a budgeted volume of 60,000 units. Direct materials...

The United States exports services and imports coffee. Why does the United States gain from exporting services

Question:

Step by Step Answer:

The United States gains from exporting services because the United States receives a higher ...View the full answer

Foundations of Macroeconomics

Students also viewed these Business questions