Explain in 3-5 sentences why the following statement is false. The Official Reserve Account of the Balance of Payments s...
Explain in 3-5 sentences why the following statement is false.
The Official Reserve Account of the Balance of Payments statistics is not important for countries under a fixed exchange rate regime.
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Explain in 3-5 sentences why the following statement is false. The Official Reserve Account of the Balance of Payments s...
In the table given below, Singapore’s balance of payments (BoP) comprises: (a) Current account of goods,...
In the table given below, Singapore’s balance of payments (BoP)
comprises:
(a) Current account of goods, services & factor income (primary
& secondary income balance)
(b) Capital & Financial account as DFI & Portfolio
Investment
(c) Errors & Omissions
(d) A+B+C = BoP reflected in E
(e) Reserve Assets
(f) Official reserves (stock as accumulated over the years)
Explain the balance of payments position of Singapore and why
traditionally, its trade in services rather than trade in goods
dominated its...
True false or uncertain and explain in 3 sentences why? 1)An increase in world supply of...
True false or uncertain and explain in 3 sentences why? 1)An increase in world supply of crude oil will (at some point) lead to a decrease in the price of plastic. [Hint: Crude oil byproducts are an input to the production of plastic.] 2)The measured unemployment rate can only decrease if some of those unemployed get jobs and become counted as employed. 3)If the CPI increases from 150 to 153, the inflation rate is 2%. So if your savings account...
Explain why the following statement is True, False, or Uncertain according to economic principles. Use diagrams...
Explain why the following statement is True, False, or Uncertain according to economic principles. Use diagrams where appropriate. A4.7. If the $C exchange rate with the $US was 1 and the $C exchange rate with the Euro was 1.50, while the $US exchange rate with the Euro was 1.25, you could make a fortune trading these currencies.
8. True/False. For each of the following decide whether the statement is true, false, or uncertain...
8. True/False. For each of the following decide whether the statement is true, false, or uncertain and explain why. Your explanation is the important part of the answer. a. The growth rate of a product is the sum of the individual growth rates. b. Differences in the quality of institutions are the sole cause of differences in per capita income levels across countries. (Hint: The article, “What Makes Countries Rich or Poor? A Review of Why Nations Fail” by Jared...
5. a. Economists sometimes refer to the attempt by countries to fix their exchange rates, control...
5. a. Economists sometimes refer to the attempt by countries to fix their exchange rates, control their money supplies, and operate with open capital accounts in their balance of payments (that is, to have no restrictions on capital movements) as the "impossible trinity" of international macroeconomics. Based on what you have learned so far, would you agree that this combination of policies is impossible to achieve? Explain. b. Use three of the models you have studied (the fixed exchange rate,...
Items Latest Period Latest Data % Change (Y-o-Y) Previous Period Data Balance of Payments S$M Q2/17...
Items Latest Period Latest Data % Change (Y-o-Y) Previous Period Data Balance of Payments S$M Q2/17 4,443.2 -6.6 16,613.8 Current Account Balance S$M Q2/17 21,049.5 -1.0 20,092.9 Exports of Good and Services S$M Q2/17 188,908.4 6.8 184,785.5 Imports of Good and Services S$M Q2/17 161,953.1 8.7 159,598.4 Primary Income Balance S$M Q2/17 -2,058.1 na -1,496.9 Secondary Income Balance S$M Q2/17 -3,847.7 na -3,597.3 Capital and Financial Account Balance (decrease in assets and liabilities, and net inflows in net balance, are...
Question 4 In the table given below, Singapore's balance of payments (BoP) comprises: (a) (b) (C)...
Question 4 In the table given below, Singapore's balance of payments (BoP) comprises: (a) (b) (C) Current account of goods, services & factor income (primary & secondary income balance) Capital & Financial account as DFI & Portfolio Investment Errors & Omissions A+B+C = BOP reflected in E Reserve Assets Official reserves (stock as accumulated over the years) Explain the balance of payments position of Singapore and why traditionally, its trade in services rather than trade in goods dominated its Current...
True or false. Your answer to each question should not extend beyond 3 to 5 sentences...
True or false. Your answer to each question should not extend beyond 3 to 5 sentences (i.e., short succinct answers are preferred). a. A firm’s marginal rate of technical substitution captures the firm’s willingness to trade capital for labour, but not the degree to which capital and labour are substitutes in supply. True or false? Explain your position. b. A consumer in an exchange economy will always be better off at an allocation which is Pareto efficient than at an...
5. Balance of payments and the foreign exchange market The following graph shows the market for...
5. Balance of payments and the foreign exchange market The following graph shows the market for euros, which is initially in equilibrium. Suppose an economic expansion in Canada leads to an increase in the incomes of Canadian households, causing imports from Europe to rise. On the graph, illustrate the effect of an economic expansion on the market for euros by shifting the appropriate curve or curves. Note: Select and drag one or both of the curves to the desired position....
Please state True false or uncertain and explain in 3 sentences why? 1)If an economy produces...
Please state True false or uncertain and explain in 3 sentences why? 1)If an economy produces 2 goods (X and Y) subject to a PPB similar to that found in Fig 1-2 of your text, then the opportunity cost of Xrises as more of it is produced. 2)Suppose that, with an equivalent unit of resources, Canada can produce 6 tons of iron ore or 2 tons of bauxite and Australia can produce 2 tons of iron ore or 1 ton...
In the table given below, Singapore’s balance of payments (BoP)
comprises:
(a) Current account of goods, services & factor income (primary
& secondary income balance)
(b) Capital & Financial account as DFI & Portfolio
Investment
(c) Errors & Omissions
(d) A+B+C = BoP reflected in E
(e) Reserve Assets
(f) Official reserves (stock as accumulated over the years)
Explain the balance of payments position of Singapore and why
traditionally, its trade in services rather than trade in goods
dominated its...
Question 4 In the table given below, Singapore's balance of payments (BoP) comprises: (a) (b) (C) Current account of goods, services & factor income (primary & secondary income balance) Capital & Financial account as DFI & Portfolio Investment Errors & Omissions A+B+C = BOP reflected in E Reserve Assets Official reserves (stock as accumulated over the years) Explain the balance of payments position of Singapore and why traditionally, its trade in services rather than trade in goods dominated its Current...
5. Balance of payments and the foreign exchange market The following graph shows the market for euros, which is initially in equilibrium. Suppose an economic expansion in Canada leads to an increase in the incomes of Canadian households, causing imports from Europe to rise. On the graph, illustrate the effect of an economic expansion on the market for euros by shifting the appropriate curve or curves. Note: Select and drag one or both of the curves to the desired position....
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