In 2019 the country of Farland has a current account deficit of $900 million.Farland’s capital account is in a $100 million surplus.In addition, Farland factors located in foreign countries earn $600 million.Farland has a trade deficit of $400 million.Assume that Farland neither gives nor receives unilateral transfers.Farland’s GDP is $8 billion.   What happen to…

Forecasting Discussion – Forecasting provides very useful projections Forecasting provides very useful projections for established products and services, but newly introduced products and services have wildly different success results. Name and discuss at least one product and one service that exploded with exponential increase in demand shortly after their introduction. What about products and services…

Finance and Economics in Health Care Essay   Georgia State University Finance and Economics in Health Care Essay   What would be your argument supporting tariffs? Address the concepts below within your essay submission.   Define specific tariff, ad valorem tariff, and compound tariff.   Explain how a tariff affects the welfare of a small…

Federal Reserve Discussion – How does the Federal Reserve accomplish   By law the Federal Reserve is required to monitor unemployment and inflation. Respond to the following components:   How does the Federal Reserve accomplish these goals? What are the pros and cons of using contractionary and expansionary monetary policy tools under the following scenarios:…

Fiscal Policy Checkpoint Discussion   Can Congress and the President Ever Balance the Federal Budget?   Read: the description of public choice theory: “Public choice – Definition” at http://www.wordiq.com/definition/Public_choice. If you need more information, check out: “Public Choice” at http://www.econlib.org/library/Enc/PublicChoice.ht… and/or “Public Choice Theory” at http://www.econlib.org/library/Enc1/PublicChoiceTh…   Read: “Why Congress’s Bipartisan Budget Deal Should Make…

Problem 1 Consider an office firm in a monocentric city. The labor-cost function is ????=60−6????, where x is the distance to the city center (from 0 km to 5 km). The interaction cost (for travel between the office firms is ????=12+????????, where ???? is a parameter (a variable beyond the control of the firm). a.…

Moralists and Money Discussion Prior to beginning work on this discussion, read Alejandro Chafuen’s article, Moralists and Money: From Gold to Bitcoin (Links to an external site.)Links to an external site., and respond to the following components:   Define money and describe its functions. Is money a root of all evil? Why or why not?…

Motor Vehicle Industry Economic Brief  SU Motor Vehicle Industry Economic Brief   In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, written summary, of a situation or event that has occurred. It is generally just a few pages long and may include additional visuals like a graph,…

Continue the theme of comparing the US system to other countries. I also would like to have more of a discussion going than we have had in previous weeks.   Country Comparison   Pick any two countries and compare the key attributes of their social security programs. Which country do you think will have the…

Economic Scenarios Questions Suppose that the economy is at full employment (our economy has reached its potential GDP or the maximum that we can normally produce). Now suppose that the Federal Government decides to decrease taxes. If we compare the long run price and GDP levels to the price and GDP levels that existed before…