Question 25 The following graph shows the exports (blue line) and imports (red line) for Japan. For the year 2017, Japan faces FRED-Exports of Goods and Services in Japan - Imports of Goods and Services in Japan 30T 28T 26T 24T 22T 201 18T 16T 141 2013 Japanese Yen C 2011 P d 2012 2014 2015 2016 2017 n 2018 2019 2020
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- In Exercise 33.31, is there an ask where Venezuelans may say no thank you to trading with Canada?Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add a foreign county as a third agent. Draw a rough sketch of the flows of imports, exports, and the payment for each on your diagram.In its recent report, The Conference Boards Global Economic Outlook 2015, updated November 2014 (http://www.conference-board.org/data/ globaloutlook.cfm), projects Chinas growth between 2015 and 2019 to be about 5.5%. International Business Times (http//www.ibtimes.com/us-exports-china-have rown-294-over-past-decade- 1338693) reports that China is the United States third largest export market, with exports to China growing 294 over the last ten years. Explain what impact China has on the U.S. economy.
- The graph below shows the trend of the terms of trade for the U.S. and China. Which would be inferred from the graph? Figure 6.9 Evolution of the Terms of Trade for the United States and China 125 120 115 110 - China 105 100 95 90 - 85 80 United Statoo 15 70 1980 1982 1984 1986 1088 1990 1092 1994 O A) China's growth may have hurt the U.S. terms of trade. 1096 1998 2002 2004 2000 B) China's recent growth may have been export-biased. 2006 2008 2010 2012 2014 O C) U.S. terms of trade have been hugely deteriarated over the past decasde. D) U.S. exports have been competing with China's imporing sectors.Question Match the term to its correct definition. Column A 1. 2. 3. 4. 5. f 6. Asia-Pacific Economic Cooperation (APEC) European Union International Trade Agreements North American Free Trade Agreement (NAFTA) O a O b O c Od Protectionism United Nations (UN) What happens when a nation's currency depreciates? Its products become cheaper to other nations. Its trade decreases. Its trade increases. Its products become more expensive to other nations. Question 3 (1 point) Column B a. A trade agreement between the United States, Mexico, and Canada established in 1994 and renegotiated as the United States-Mexico-Canada agreement. b. A political and diplomatic organization established to promote economic and social cooperation between nations. c. Multinational agreements on trade conditions. d. A political and economic union of European states. e. An economics forum consisting of 21 countries in the Asia-Pacific region. f. The concept of protecting a country's domestic industries from foreign…WHAT WILL HAPPEN IF A COUNTRY DOESNT HAVE ENOUGH PRODUCTION BUT MORE EXPORTING THINGS IN OTHER COUNTRIES
- BASIL (Millions of pounds) 96 84 72 60 48 36 24 12 0 0 PPF I I Glacier 36 A 12 24 48 60 72 ALMONDS (Millions of pounds) 84 96 (?) Glacier has a comparative advantage in the production of production of BASIL (Millions of pounds) 96 84 72 60 48 36 24 12 0 0 PPF 1 12 Rainier basil comparative advantage. After specialization, the two countries can produce a total of of basil. A 24 ALMONDS (Millions of pounds) 36 48 60 72 84 96 almonds while Rainier has a comparative advantage in the . Suppose that Glacier and Rainier specialize in the production of the goods in which each has a million pounds of almonds and million pounds IThe table below shows the export and import values of automobiles, pharmaceuticals, and clothing in Country A and Country B. Country A Automobiles Pharmaceuticals Clothing Country B Automobiles Pharmaceuticals Clothing The IIT share is zero for Multiple Choice Exports ($Billions) 20 30 40 Exports ($Billions) 0 40 45 O clothing: automobiles in Country A and for Imports ($Billions) 40 30 0 automobiles; pharmaceuticals Imports ($Billions) 20 40 35 Opharmaceuticals; pharmaceuticals clothing: pharmaceuticals in Country B.Answer the following questions using the BEA Tables for US International Trade in Goods and Services E Scroll down to the "U.S. Trade in Goods and Services, 1960-present" and download those spreadsheets. Using annual data from Table 1: Calculate the growth rate in U.S. exports over the last five years. Report your answer rounded to the nearest tenth. I % Calculate the growth rate in U.S. imports over the last five years. Report your answer rounded to the nearest tenth. %
- According to the theory of comparative advantage, a country goods in which it has a comparative advantage. exports imports Oexports and imports does not trade Question 10 10 the 10(Figure: Ships and Autos in Countries A and B) Two countries manufacture automobiles and ships. Based on the graphs: Country A Ships 60 Ships 50 40 S305 20 10- 12 100 0 8 6- 4 2 Jo 0 20 20 40 Autos Country B 40 Autos 60 60 80 80 100 100 Country A should specialize in ship building and Country B should specialize in automotive manufacturing. There are no advantages to trade because the lines are downward sloping. Country A should specialize in automotive manufacturing and Country B should specialize in ship building. There are no advantages to trade because Country A can produce more of both goods.1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of time