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 Investment income (interests) received from foreigners $223 Unilateral transfers received from foreigners $92 Unilateral transfers given to foreigners $158
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- 1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of timeHow do you measure the financial capacity of our country in terms of export and importChina Impose trade sanctions against U.S. firms Do not impose trade sanctions against U.S. firms China trade value = $75 b U.S. China trade value = $5 b Don't renew MFN trade value = $65 b U.S. trade value = $140 b status with China United States China trade value = $285 b U.S. trade value = $35 b China trade value = $275 b U.S. Renew MFN status trade value = $130 b with China Use a payoff matrix to depict this problem. a. Players. b. Strategy. с. Рау-off. d. What is the dominant strategy? e. What is the Nash Equilibrium without an enforceable contract? f. If countries coordinated (collude), what would be the optimal outcome?
- 1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of time.2._______ The ability to produce a specific product moreefficiently than any other nation.3._______ Selling and shipping raw materials or products toother nations.4._______ The ability to produce a specific product moreefficiently than any other product.5._______ All business activities that involve exchangesacross national boundaries.6._______ The total flow of money into a country minus thetotal flow of money out of that country over thesame period of time.7._______ A tax levied on a particular foreign product entering a country.8._______ A complete halt to trading with a particular nationor in a particular product.9._______ An international barter transaction.10. _______ An internationally supported bank that providesloans to developing countries to help them grow.a. countertradeb. foreign exchange controlc. multilateral development bank (MDB)d. absolute advantagee. import…Imports Travel Civilian aircraft and parts Business services Royalties and license fees Agriculture Chemicals Financial services Transport Industrial machinery Automobile parts Ten largest U.S. exports Exports Five of the ten exports are services 25 50 75 100 125 150 175 200 225 Exports (billions of dollars per year)https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services Using Table 2 from "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 - Present," from which three nations (not areas or regions did the U.S. import the highest dollar value of goods and services in 2021? Using Table 2 from "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 - Present," from which three nations (not areas or regions did the U.S. import the highest dollar value of goods and services in 2017?
- Display graphically changes in the value of domestic currency, if a foreign government imposes tariffs on some kind of domestic goodsvExports goods and services that a country produces and then sells to other countries O A country's ability to produce more of a given product than another country O A country's ability to produce a product relatively more efficiently than another country O goods and services that one country buy from other countriesBalance of Payments (Billions of dollars) Current Accounts U.S. merchandise exports +70 U.S. merchandise imports -67 Merchandise trade balance U.S. service exports U.S. service imports +70 Services balance +35 Goods and services balance +38 Net investment income from abroad -2 Net unilateral transfers -8 Current account balance Financial Accounts Change in U.S.-owned assets abroad Change in foreign-owner assets in the U.S. -40 +42 Financial account balance Statistical discrepancy -30 Trade balance Suppose an Argentine logging company purchases American-made chainsaws. This would be entered as a item under the section of the U.S. current account. According to the table, the United States is running a trade The current account balance suggests that U.S. current account transactions (exports and imports of goods and services, as well as inflow and outflow of investment income and transfers) created outpayments of foreign currencies from the United States that were the inpayments of…
- WHAT WILL HAPPEN IF A COUNTRY DOESNT HAVE ENOUGH PRODUCTION BUT MORE EXPORTING THINGS IN OTHER COUNTRIESScroll down to "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 - Present" and download those spreadsheets. https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services Using Table 1, to which three nations (not areas or regions) did the U.S. export the highest dollar value of goods and services in 2021? Using Table 1, to which three nations (not areas or regions) did the U.S. export the highest dollar value of goods and services in 2017?Comparative Advantage Production U.S. U.K. Wheat (bushels/hour) 6 Cloth (yards/hour) Dollar Price of Wheat and Cloth in the United States U.S. U.K. Price of one bushel of wheat $1.00 $2.00 Price of one yard of cloth$ 1.50 $1.00 Exchange rate £1 = $2 Wage Rate in US 1 hr= 6 $ Wage rate in UK I hr = 1Pound Please calculate gain from trade in both countries in terms of US$