Exports pay for imports. Yet in 2007 the nations of the world exported about $709 billion more

Question:

Exports pay for imports. Yet in 2007 the nations of the world exported about $709 billion more worth of goods and services to the United States than they imported from the United States. Resolve the apparent inconsistency of these two statements.

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

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

See More Books

Question Posted: May 23, 2013 07:58 AM

See More Questions

paross 2. Buy goods and services to resell at a profit Consists of the actors close to the company that afHect its ability to serve its customers, the company, supplers, marketing Intermediarles,...
In 2009, the United States imported about 3.3 billion barrels of oil. Perhaps it would be better for the United States if it could end the billions of dollars of payments to foreigners by not...
United States exports increased from $12 billion in 1950 to $1.550 trillion, or $1550 billion, in 2009 (Sources: www.dlc.org; U.S. Department of Commerce). Assuming that the exponential growth model...
Violet Flowers expects to sell 3,000 plants a month. She estimated the following monthly costs: Variable Costs $9,000 Fixed Costs $15,000 During her second month of operation, Violet would like to...
Consider the mean of a cluster of objects from a binary transaction data set. What are the minimum and maximum values of the components of the mean? What is the interpretation of components of the...
Problem 3: Goodwill calculation - Weighted Average Profits method] The trading profits of a company for the past 4 years were as follows: Year ended Dec 31, 2015 - Dhs. 120,000: 2016 - Dhs. 136.000;...
Create a WBS for one of the following projects: Introducing self-checkout registers at your schools bookstore Updating 50 laptops from Project 2007 to Project 2010 Providing a new Internet cafe...
Pineapple Motor Company manufactures two types of specialty electric motors, a commercial motor and a residential motor, through two production departments, Assembly and Testing. Presently, the...
Mark has a Treasury bond that has a par value of $30,000 and a coupon rate of 9%. The bond has 15 years to maturity. Mark needs to sell the bond and new bonds are currently carrying coupon rates of...
27) Apple makes three models of the iPOD (Shuffle, Nano, and Touch). The selling prices per unit are $49, $149 and $229, respectively for each model. Apple manufacture these three versions at labor...
Explain why you agree or disagree with the following statements: a. A country that grows faster than its major trading partners can expect the international value of its currency to depreciate. b. A...
Diagram a market in which the equilibrium dollar price of 1 unit of fictitious currency zee (Z) is $5 (the exchange rate is $5 = Z1). Then show on your diagram a decline in the demand for zee. a....
The rod has a circular cross section with a moment of inertia $I$. If a vertical force $\mathbf{P}$ is applied at $A$, determine the vertical displacement at this point. Only consider the...
firm c has net income of 45,360 , asset turnover of 1.4 and roi 12.6% calculate firms margin,sales and average total assets
A poll of 1065 Americans showed that 47.2% of the respondents prefer to watch the news rather than read or listen to it. Use those results with a 0.10 significance level to test the claim that fewer...
Garcia Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for the cost of one unit: Standard Quantity X Standard...
Express the confidence interval 0.255 0.046 in the form of p-E
5 28 its Jay Oullette, CEO of Bumper to Bumper Incorporated, anticipates that his company's year-end balance sheet will show current assets of $12,801 and current liabilities of $7,540. Oullette has...
Here is the stock price and split data for HeavySteel corporation. 7.a. Calculate the split-adjusted returns for each year and its statistics (mean and standard deviation). 7.b. If you bought 100...
Use nodal analysis to determine voltages v1, v2, and v3 in the circuit Fig. 3.76. Figure 3.76 4 S 3i, 2 A 4A
Enterprise Fund for a utility operation: Invested in capital assets, net of related debt, would be a. $7,310,500. b. $8,310,500. c. ($2,189,500). d. $4,310,500. e. $1,810,500. Outstanding bonds...
No one may use a patent without the patent-holders permission. But in a limited set of circumstances, others may use copyrighted material without the copyright-holders permission. These...
Apply the concept of adverse possession to the electromagnetic spectrum.
Instead of lives-in-being plus 21 years, the rule might be lives-in-being plus 10 years, or lives-in-being plus 35 years. Compare these rules as means for generation-skipping.
A company is evaluating a new 4-year project. The equipment necessary for the project will cost $3,300,000 and can be sold for $650,000 at the end of the project. The asset is in the 5-year MACRS...
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company...
I need to see where the calculations for this problem come from plz. 5. Award: 4.00 points Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement...

Exports pay for imports. Yet in 2007 the nations of the world exported about $709 billion more

Question:

Step by Step Answer:

Exports pay for imports in the long run In the short t...View the full answer

Economics

Students also viewed these Economics questions