2 ItemsValue (in millions)Exports of goods and services$652Imports of goods and services$734Net increase in U.S. holdings of foreign assets (excluding official reserve assets)$150Net increase in foreign holdings of U.S. assets (excluding official reserve assets)$273Investment income (interests) paid to foreigners$359Investment income (interests) received from foreigners$223Unilateral transfers received from foreigners$92Unilateral transfers given to foreigners$158Statistical discrepancy$37. Is the country increasing or decreasing its net holdings of official reserve assets? By how much?Decrease by $370 millionDecrease by $161 millionDecrease by $124 millionIncrease by $124 million

Calculation of current account balance: Current account balance = (Exports of goods and services -…

Exports of goods and services $652 Imports of goods and services $734 Net increase in U.S. holdings of foreign assets (excluding official reserve assets) $150 Net increase in foreign holdings of U.S. assets (excluding official reserve assets) $273 Investment income (interests) paid to foreigners $359

Exports of goods and services $652 Imports of goods and services $734 Net increase in U.S. holdings of foreign assets (excluding official reserve assets) $150 Net increase in foreign holdings of U.S. assets (excluding official reserve assets) $273 Investment income (interests) paid to foreigners $359

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed in the attached table. If the tenants have the right to be free of loud music enforced through a property rule, how many bands will play in Rock‐n‐Roll Bar on a Saturday night? A. Zero B. One C. Two D. Three E. It depends on transaction costs
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There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed below. Assume the bar owner has the right to hire as many bands as she likes. Iftransaction costs were $90, split between the bar owner and the tenants, how manybands would play? What would social welfare be? A. Three bands would play and social welfare would be ‐100.B. Two bands would play and social welfare would be 75.C. Two bands would play and social welfare would be ‐15.D. No bands would play and social welfare would be 0.E. Three bands would play and social welfare would be ‐190
There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed below. If the tenants have the right to be free of loud music enforced through aproperty rule, how many bands will play in Rock‐n‐Roll Bar on a Saturday night? A. ZeroB. OneC. TwoD. ThreeE. It depends on transaction costs