- 31.Problems and Applications 31.1: How would the following transactions affect U.S. exports, imports, ...
- 31.Questions for Review 31.1: Define net exports and net capital outflow. Explain how and why the...
- 31.Questions for Review 31.2: Explain the relationship among saving, investment, and net capital ...
- 31.Problems and Applications 31.2: Would each of the following transactions be included in net exports...
- 31.Questions for Review 31.3: If a Japanese car costs 500,000 yen, a similar American car costs $...
- 31.Problems and Applications 31.3: Describe the difference between foreign direct investment and forei...
- 31.Questions for Review 31.4: Describe the economic logic behind the theory of purchasing-power p...
- 31.Problems and Applications 31.4: How would the following transactions affect U.S. net capital outflo...
- 31.Questions for Review 31.5: If the Fed started printing large quantities of U.S. dollars, what ...
- 31.Problems and Applications 31.5: The business section of most major newspapers contains a table show...
- 31.Problems and Applications 31.6: Would each of the following groups be happy or unhappy if the U.S. ...
- 31.Problems and Applications 31.7: What is happening to the U.S. real exchange rate in each of the fol...
- 31.Problems and Applications 31.8: A can of soda costs $0.75 in the United States and 12 pesos in Mexi...
- 31.Problems and Applications 31.9: Assume that American rice sells for $100 per bushel, Japanese rice ...
- 31.Problems and Applications 31.10: A case study in the chapter analyzed purchasingpower parity for sev...
- 31.Problems and Applications 31.11: Purchasing-power parity holds between the nations of Ectenia and Wi...
Solutions for Chapter 31: Open Economy Macroeconomics: Basic Concepts
Full solutions for Principles of Economics | 6th Edition
an excess of government receipts over government spending
a group of firms acting in unison
goods that are rival in consumption but not excludable
above-equilibrium wages paid by firms to increase worker productivity
efficient markets hypothesis
the theory that asset prices reflect all publicly available information about the value of an asset
a measure of the price level calculated as the ratio of nominal GDP to real GDP times 100
something that induces a person to act
the description of asset prices that rationally reflect all available information
marginal tax rate
the amount that taxes increase from an additional dollar of income
isk that affects all companies in the stock market
the set of assets in an economy that people regularly use to buy goods and services from other peopl
the claim that unemployment eventually returns to its normal, or natural, rate, regardless of the rate of inflation
claims that attempt to prescribe how the world should be
a market structure in which only a few sellers offer similar or identical products
two goods with right-angle indifference curves
the relationship between quantity of inputs used to make a good and the quantity of output of that good
the quantity of goods and services produced from each unit of labor input
two goods for which an increase in the price of one leads to an increase in the demand for the other
a situation in which quantity supplied is greater than quantity demanded
the study of how the allocation of resources affects economic well-being