What are the main reasons companies import goods? What is the purpose of the customs department of a country's government?

Q: 1.    Under what circumstances would the Federal Reserve Board seek to expand the…

A: Under what circumstances would the Federal Reserve Board seek to expand the money supply? Because of…

Q: What is a competitive devaluation, and why would a country do it?

A: Competitive devaluation occurs when the two or more nations deliberately intervenes to depreciate…

Q: If the U.S. puts tariffs on Canadian - manufactured products and Canada has a flexible exchange,…

A: Flexible exchange rate refers to the exchange rate based on supply and demand factors in the market…

Q: Siven this change, the dollar Fill in the following table with the effect of a tariff on the…

A: It can be defined as a market that is also known as an over-the-counter (OTC) marketplace that…

Q: In a few sentences, summarize your conclusions from the data analyzed on U.S. imports and exports…

A: Import: When a country buys goods and services that are produced in another country this purchasing…

Q: Suppose in a small open economy, real GDP is $500 billion, consumption is $300 billion, investment…

A: real GDP is $500 billion, consumption is $300 billion, investment is $120 billion, government…

Q: According to the National Savings and Investment Identity framework, if the US runs a $250 billion…

A: The trade deficit occurs when one country export is less than its import. The trade deficit leads to…

Q: =) Briefly explain the quantity theory of money and how it is related to inflation.

A: Answer in step 2

Q: Other things equal, which of the statements below is false? O a. A trade deficit will keep GDP…

A: When the imports of a country tend to exceed the exports of a country, then the situation of trade…

Q: Many countries seem to be worried that they have negative trade balances with China. Is such a trade…

A: A trade imbalance happens when a nation's imports surpass its commodities during a given time-frame.…

Q: Please explain on how you get the Y

A: GDP refers to the total value of finished goods and services that produced within the economic…

Q: U.S. International Trade in Goods and Services, February 2023 February 2023 January 2023 The U.S.…

A: Value of imports for a country is the value of all the goods and services which the country imports…

Q: 1- the neo classical economists believe that the export promotion and trade liberalization are…

A: The idea that governments should not regulate private enterprise and that free market forces should…

Q: Question 5. Assume that the income level in Canada rises at a much higher rate than does the U.S.…

A: The exchange rate of currency is determined by market forces of demand and supply.

Q: QUESTION 33 What happens when imports are more than exports? There is a OA Trade delicit OB Trade…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: "In an economy with a high dependency on imported oil, what is the likely macroeconomic impact of a…

A: When the value of imports and exports in an economy is equal, the condition is known as the trade…

Q: The US typically imports (M) more goods and services than it exports (X). a. Explain what this…

A: a. The main component of a country's current account balance is usually invariably its trade deficit…

Q: When US assets are more attractive to foreign investors, what happens to the demand for dollars vs…

A: In a market such as crops and laptop, equilibrium emerges when the units desired to be offered by…

Q: Critical Thinking: Let's make it as realistic as possible to the US. In 2020, the US had both a…

A: The circular flow of income, also known as the circular flow, is an economic model in which major…

Q: Suppose we are studying the German economy. What happens to the trade balance if the German…

A: A country's trade balance is defined as the difference between the value of its imports and exports…

Q: Why is the bilateral trade deficit between 2 countries a bad measure of whether those countries…

A: The balance of trade is a metric that tracks the movement of exports and imports through time. A…

Q: State whether each of the following events involves a financial flow to the Mexican economy or a…

A: Before we answer the above question, let us first understand some key concepts regarding financial…

Q: When calculating net exports, if the cost of imports is smaller than the value of exports for a…

A: Exports and imports of goods and services are the components of the trade. Trade is important for…

Q: What are some of the pros and cons of expansions and contractions in consumption in a country when…

A: Countries that are more open to foreign commerce tend to grow quicker, innovate, enhance…

Q: Hi can you please help with calculations/explanations of the below :) 1. During the Great…

A: Since we can only answer one question at a time, we'll answer the first one. Please repost the…

Q: Suppose Canada currently has a trade deficit. Which of the following changes could potentially lead…

A: In the international market, the value of the currency of a country influence the total units sales…

Q: An increase in productivity in a country will cause its currency to ________ because it can produce…

A: When there is an increase in productivity, more output is produced so the value of currency…

Q: 1. Explain what herding and leverage are and how they can lead to a bubble. Also explain why…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Question 3 (i) Explain the relationship between the current account balance given by exports (X)…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 8. For this question, assume that equilibrium output is determined in the zZ - Y diagram. Further…

A: Balanced trade occurs when Export= Import  Where Net export = X - M  At the level of full employment…

Q: Using Table 2 from "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 -…

A: Value of imports for a country is the value of all the goods and services which the country imports…

Q: Question 2 (a) Distinguish between a government deficit and trade deficit? (b) Would you rather live…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: QUESTION 1 In December 2021, Jackson Memorial Hospital buys a new magnetic resonance imaging (MRI)…

A: 1 For US, purchase of machinery will be counted as both an import and investment in 2021. For…

Q: Explain how the current fiscal policy agenda (as per the annual budget review released by national…

A: Fiscal policy is the action or measures taken by the government in order to correct the economic…

Q: Suppose that last year, the nominal exchange rate between the Japanese yen and the British pound was…

A: Given, Nominal exchange rate = ¥150.0 per £1.0  Cost of 1 unit output in Japan =¥1300  Cost of 1…

Q: A country finds itself in the following situation: a government budget surplus of $800; total…

A: "Government;s budget surplus occurs when government savings are more than the government…

Q: The macroeconomic view of a trade deficit implies that, other things equal, the imposition of a…

A: Trade deficit is a situation in which value of a country's imports exceeds the value of exports.

Q: Assume that Consumption is C = c(1- t)Y; Investment I =Ì- bi; Net Exports NX = x,YW + x2R – m,Y +…

A: Depreciation refers to the decline in the value of domestic currency with respect to foreign…

Q: Suppose that an economy is experiencing large trade deficits. According to pass-through effects, a…

A: Pass-through effects refer to the extent to which the effects of a change in exchange rate are…

Q: Please answer What are some of the major developments in trade over the past two decades? What are…

A: Economic development is basically the process of improving a nation's, region's, local community's,…

Q: A government decides to introduce an expenditure switching measures to reduce a balance of trade…

A: Expenditure Switching Policy is the one which affects the country's expenditure composition on…