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REWRITE GIVEN ANSWERS (BALANCE OF PAYMENT PROBLEMS)
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Hi,</span></p> <p><span style="font-size: small;">Answers to Q3 and Q4 are correct. Have made them look different. In 3, have written a conclusion line at the end of each.</span></p> <p><span style="font-size: small;">Q1: Has been improved a lot with examples.</span></p> <p><span style="font-size: small;">Q2: The answer given in your attachment is not correct in entirety. Have corrected same.</span></p> <p><span style="font-size: small;">(The same file is also attached).</span></p> <p><span style="font-size: small;">Regards</span></p> <p><span style="font-size: small;">Bilbo</span></p> <p><span style="font-size: small;">NB: Give me a grade pls.</span></p> <p><span style="font-size: small;">_____________________________</span></p> <p><!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG/> </o:OfficeDocumentSettings> </xml><![endif]--></p> <p><!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> 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<w:LsdException XXXXXX="false" XXXXXXXX="68" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="false" Name="XXXXXX XXXX 2"/> <w:XXXXXXXXXXXX Locked="false" Priority="XX" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" Name="Medium XXXX X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" XXXXXXXX="70" SemiHidden="false" UnhideWhenUsed="XXXXX" XXXX="XXXX List"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="XX" SemiHidden="false" UnhideWhenUsed="XXXXX" XXXX="Colorful XXXXXXX"/> <w:LsdException XXXXXX="XXXXX" Priority="XX" SemiHidden="XXXXX" XXXXXXXXXXXXXX="false" XXXX="Colorful List"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="73" XXXXXXXXXX="false" XXXXXXXXXXXXXX="XXXXX" XXXX="XXXXXXXX XXXX"/> <w:LsdException XXXXXX="false" XXXXXXXX="60" SemiHidden="false" XXXXXXXXXXXXXX="XXXXX" Name="XXXXX Shading XXXXXX 1"/> <w:LsdException XXXXXX="XXXXX" XXXXXXXX="XX" SemiHidden="XXXXX" UnhideWhenUsed="XXXXX" XXXX="Light XXXX XXXXXX X"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="62" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="false" XXXX="Light XXXX XXXXXX 1"/> <w:XXXXXXXXXXXX Locked="XXXXX" Priority="63" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="false" XXXX="XXXXXX Shading 1 XXXXXX 1"/> <w:XXXXXXXXXXXX Locked="XXXXX" XXXXXXXX="64" XXXXXXXXXX="false" XXXXXXXXXXXXXX="XXXXX" XXXX="XXXXXX Shading X XXXXXX X"/> <w:XXXXXXXXXXXX Locked="false" Priority="XX" SemiHidden="false" XXXXXXXXXXXXXX="XXXXX" XXXX="Medium List 1 Accent 1"/> <w:LsdException XXXXXX="false" UnhideWhenUsed="false" Name="Revision"/> <w:XXXXXXXXXXXX XXXXXX="false" XXXXXXXX="34" SemiHidden="XXXXX" XXXXXXXXXXXXXX="false" XXXXXXX="XXXX" Name="XXXX XXXXXXXXX"/> <w:LsdException Locked="XXXXX" Priority="29" SemiHidden="false" UnhideWhenUsed="false" XXXXXXX="true" XXXX="Quote"/> <w:LsdException Locked="false" Priority="30" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" QFormat="XXXX" Name="XXXXXXX Quote"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="66" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="false" XXXX="Medium XXXX X Accent X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="67" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" Name="XXXXXX Grid X Accent X"/> <w:XXXXXXXXXXXX XXXXXX="false" Priority="68" XXXXXXXXXX="false" XXXXXXXXXXXXXX="XXXXX" Name="XXXXXX XXXX X XXXXXX X"/> <w:LsdException XXXXXX="XXXXX" Priority="XX" SemiHidden="XXXXX" UnhideWhenUsed="false" Name="XXXXXX Grid 3 XXXXXX X"/> <w:XXXXXXXXXXXX XXXXXX="false" XXXXXXXX="XX" SemiHidden="XXXXX" UnhideWhenUsed="false" XXXX="Dark XXXX Accent X"/> <w:LsdException Locked="XXXXX" XXXXXXXX="71" XXXXXXXXXX="false" XXXXXXXXXXXXXX="XXXXX" Name="Colorful Shading Accent X"/> <w:LsdException XXXXXX="false" XXXXXXXX="XX" SemiHidden="XXXXX" XXXXXXXXXXXXXX="false" Name="Colorful List Accent X"/> <w:LsdException Locked="false" Priority="XX" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" XXXX="XXXXXXXX XXXX XXXXXX 1"/> <w:LsdException XXXXXX="XXXXX" XXXXXXXX="XX" XXXXXXXXXX="false" UnhideWhenUsed="false" XXXX="XXXXX Shading XXXXXX X"/> <w:XXXXXXXXXXXX XXXXXX="false" Priority="61" XXXXXXXXXX="XXXXX" UnhideWhenUsed="XXXXX" Name="XXXXX XXXX XXXXXX X"/> <w:LsdException XXXXXX="false" XXXXXXXX="XX" XXXXXXXXXX="false" XXXXXXXXXXXXXX="false" XXXX="Light Grid Accent 2"/> <w:LsdException XXXXXX="XXXXX" XXXXXXXX="63" XXXXXXXXXX="false" XXXXXXXXXXXXXX="XXXXX" XXXX="XXXXXX XXXXXXX 1 XXXXXX 2"/> <w:LsdException Locked="false" XXXXXXXX="64" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" Name="XXXXXX XXXXXXX 2 XXXXXX X"/> <w:XXXXXXXXXXXX Locked="XXXXX" Priority="XX" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" Name="Medium XXXX 1 Accent X"/> <w:LsdException XXXXXX="XXXXX" XXXXXXXX="66" XXXXXXXXXX="false" UnhideWhenUsed="false" Name="XXXXXX XXXX X Accent X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" XXXXXXXX="67" SemiHidden="XXXXX" XXXXXXXXXXXXXX="false" XXXX="Medium Grid 1 XXXXXX X"/> <w:XXXXXXXXXXXX Locked="XXXXX" Priority="XX" SemiHidden="XXXXX" UnhideWhenUsed="false" Name="Medium Grid X XXXXXX 2"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" XXXX="Medium XXXX X Accent X"/> <w:LsdException Locked="false" XXXXXXXX="XX" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" Name="XXXX XXXX XXXXXX X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="XX" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" XXXX="Colorful XXXXXXX Accent 2"/> <w:XXXXXXXXXXXX Locked="false" Priority="XX" XXXXXXXXXX="false" UnhideWhenUsed="false" XXXX="Colorful List Accent X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" XXXXXXXX="XX" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="false" Name="Colorful XXXX Accent X"/> <w:LsdException Locked="false" XXXXXXXX="XX" SemiHidden="false" XXXXXXXXXXXXXX="false" Name="XXXXX XXXXXXX Accent X"/> <w:XXXXXXXXXXXX Locked="XXXXX" XXXXXXXX="61" XXXXXXXXXX="false" XXXXXXXXXXXXXX="XXXXX" XXXX="Light List Accent X"/> <w:LsdException XXXXXX="XXXXX" XXXXXXXX="62" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" XXXX="Light Grid Accent X"/> <w:LsdException Locked="XXXXX" XXXXXXXX="63" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" Name="XXXXXX XXXXXXX 1 Accent X"/> <w:LsdException XXXXXX="false" XXXXXXXX="64" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="XXXXX" Name="Medium Shading X XXXXXX X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="65" SemiHidden="XXXXX" UnhideWhenUsed="false" XXXX="XXXXXX List X Accent X"/> <w:XXXXXXXXXXXX Locked="XXXXX" XXXXXXXX="66" SemiHidden="false" XXXXXXXXXXXXXX="XXXXX" Name="XXXXXX XXXX 2 XXXXXX X"/> <w:LsdException XXXXXX="false" Priority="67" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="XXXXX" Name="Medium XXXX X XXXXXX X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" XXXXXXXX="68" SemiHidden="XXXXX" UnhideWhenUsed="false" Name="XXXXXX XXXX 2 Accent X"/> <w:XXXXXXXXXXXX XXXXXX="false" Priority="69" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="false" Name="XXXXXX Grid X Accent X"/> <w:LsdException Locked="XXXXX" Priority="70" SemiHidden="XXXXX" UnhideWhenUsed="false" XXXX="Dark List Accent X"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="71" XXXXXXXXXX="XXXXX" UnhideWhenUsed="XXXXX" XXXX="Colorful XXXXXXX Accent 3"/> <w:LsdException XXXXXX="XXXXX" Priority="72" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" Name="Colorful List XXXXXX X"/> <w:LsdException Locked="XXXXX" XXXXXXXX="XX" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" Name="Colorful Grid XXXXXX X"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="60" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" XXXX="XXXXX XXXXXXX XXXXXX X"/> <w:XXXXXXXXXXXX XXXXXX="false" Priority="61" XXXXXXXXXX="false" UnhideWhenUsed="false" Name="Light XXXX Accent 4"/> <w:LsdException XXXXXX="XXXXX" XXXXXXXX="62" SemiHidden="false" UnhideWhenUsed="XXXXX" Name="Light Grid XXXXXX 4"/> <w:XXXXXXXXXXXX Locked="XXXXX" XXXXXXXX="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="XXXXX" Name="XXXXXX XXXXXXX X Accent X"/> <w:XXXXXXXXXXXX XXXXXX="false" XXXXXXXX="64" SemiHidden="false" UnhideWhenUsed="XXXXX" Name="Medium Shading X Accent 4"/> <w:LsdException XXXXXX="XXXXX" Priority="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" Name="Medium XXXX 1 XXXXXX X"/> <w:LsdException XXXXXX="false" Priority="66" XXXXXXXXXX="false" UnhideWhenUsed="false" Name="XXXXXX List 2 Accent 4"/> <w:LsdException Locked="false" 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Priority="XX" XXXXXXXXXX="false" UnhideWhenUsed="false" Name="Medium XXXXXXX 2 XXXXXX 6"/> <w:LsdException Locked="false" XXXXXXXX="XX" SemiHidden="XXXXX" UnhideWhenUsed="false" XXXX="XXXXXX List 1 XXXXXX 6"/> <w:LsdException XXXXXX="false" XXXXXXXX="66" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="false" XXXX="Medium XXXX 2 XXXXXX 6"/> <w:LsdException Locked="XXXXX" XXXXXXXX="67" XXXXXXXXXX="false" XXXXXXXXXXXXXX="false" Name="Medium XXXX X Accent X"/> <w:XXXXXXXXXXXX Locked="false" Priority="68" XXXXXXXXXX="XXXXX" UnhideWhenUsed="XXXXX" XXXX="Medium Grid 2 Accent X"/> <w:LsdException XXXXXX="XXXXX" XXXXXXXX="XX" SemiHidden="XXXXX" UnhideWhenUsed="XXXXX" XXXX="Medium XXXX 3 Accent X"/> <w:LsdException XXXXXX="false" XXXXXXXX="XX" SemiHidden="false" XXXXXXXXXXXXXX="XXXXX" Name="XXXX List Accent 6"/> <w:LsdException Locked="XXXXX" XXXXXXXX="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" Name="Colorful XXXXXXX Accent 6"/> <w:XXXXXXXXXXXX XXXXXX="false" Priority="72" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="false" Name="Colorful List XXXXXX X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" XXXXXXXX="XX" SemiHidden="XXXXX" UnhideWhenUsed="false" Name="Colorful Grid Accent 6"/> <w:LsdException XXXXXX="XXXXX" XXXXXXXX="XX" XXXXXXXXXX="false" XXXXXXXXXXXXXX="XXXXX" QFormat="true" Name="Subtle Emphasis"/> <w:LsdException Locked="false" Priority="21" XXXXXXXXXX="false" UnhideWhenUsed="false" QFormat="XXXX" Name="Intense XXXXXXXX"/> <w:XXXXXXXXXXXX XXXXXX="false" XXXXXXXX="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="XXXXX" QFormat="XXXX" XXXX="XXXXXX Reference"/> <w:XXXXXXXXXXXX XXXXXX="false" Priority="32" SemiHidden="false" XXXXXXXXXXXXXX="XXXXX" XXXXXXX="XXXX" XXXX="XXXXXXX XXXXXXXXX"/> <w:LsdException Locked="XXXXX" XXXXXXXX="XX" SemiHidden="XXXXX" UnhideWhenUsed="false" QFormat="XXXX" Name="Book XXXXX"/> <w:LsdException XXXXXX="false" XXXXXXXX="XX" Name="Bibliography"/> <w:LsdException Locked="false" Priority="39" QFormat="XXXX" Name="XXX XXXXXXX"/> </w:LatentStyles> </XXX><![endif]--><!--[XX XXX mso XX]> <style> /* XXXXX XXXXXXXXXXX */ table.XXXXXXXXXXXXXX {XXX-style-name:"XXXXX XXXXXX"; XXX-tstyle-XXXXXXX-size:X; mso-XXXXXX-colband-size:X; XXX-style-XXXXXX:yes; mso-style-priority:99; XXX-style-XXXXXX:""; mso-padding-alt:XXX 5.XXX 0in X.XXX; mso-para-XXXXXX-top:0in; XXX-XXXX-XXXXXX-XXXXX:XXX; mso-para-XXXXXX-bottom:12.XXX; XXX-XXXX-margin-XXXX:0in; XXXX-XXXXXX:XXX%; mso-XXXXXXXXXX:XXXXX-XXXXXX; font-size:12.0pt; XXX-XXXX-XXXX-XXXX:XX.XXX; XXXX-family:"Times New XXXXX","serif";} </style> <![endif]--></p> <p class="MsoNormal" style="margin-bottom: .XXXXXX;"><strong style="mso-bidi-XXXX-XXXXXX: XXXXXX;">1&XX;National XXXXXXX Argument</XXXXXX></p> <p class="MsoNormal" style="XXXX-XXXXXX: XXX%;">National XXXXXXX argument XX XXX XXXXX XXXXXXXXXXX argument XXXXX says that XXXXX XXXX XXXXXXX XXXXXX for certain XXXXX XXXXXX XXX XX carried out. XXXX XX because the XXXXX cannot be trusted and XXX use XXXX they buy for reasons other XXXX XXXXXXXXXX stated. XXXX may XXXX to a XXXXXXXXX XXXXX the XXXXXXX country&XXXXX;s defense XXX/or internal stability XXX threatened. An XXXXXXX XX the XXXXXXXXXXX XXXXXXX XXXXXXX machinery for refining Uranium XX XXX refined XXXXXXX can XX XXXX XX make XXXXXXX warheads.</p> <p class="XXXXXXXXXXXXXXXX" style="margin-left: 0in; mso-add-space: auto;"><XXXXXX style="mso-bidi-font-XXXXXX: normal;">2>XXXXXXXXX Industry XXXXXXXX</XXXXXX></p> <p XXXXX="MsoNormal" style="XXXX-XXXXXX: 115%;">XXX Declining XXXXXXXX Argument is XXX argument that XXXX foreign XXXX imported XXXXX XXX XXXXXXX XXXX the XXXXXXXX XXXXXX under XXXX trade, the supply of goods XXXX XXX XXXXXX their demand, XXXXX XXXX lead XX fall in prices, the extent of XXXX XXXXXXXXX XXXX the elasticity of XXX XXXXXXXXXX item. XXXXXXXX XXXXXXXXXX will not be able XX offer their XXXXXXXX XX prices competitive XXXXXX XXXXXXX of relatively expensive labor, intellectual capital XXXXX, etc. <span style="mso-XXXXXXXX: XXX;"></span>This will therefore XXXXXX in XXX XXXXXXXX industries closing XXXX or diversifying, or in other XXXXX, a decline of XXXXXXXXXX growth in that particular XXXXXXX. XXX XXXXXXXX of XXX XXXXXXXX XXXXXXXXXXX, XXXXXXXXX toys market by dirt cheap XXXX from XXXXX is an XXXXXXX of the XXXXXXXXX Industry argument.</p> <p class="XXXXXXXXX" style="XXXX-XXXXXX: 115%;"><XXXXXX style="XXX-XXXX-XXXX-XXXXXX: normal;">X&XX;Infant Industry XXXXXXXX</strong></p> <p class="XXXXXXXXX" style="XXXX-height: 115%;">The XXXXXX Industry XXXXXXXX argues that a XXXXX-XX industry cannot compete XXXX XXXXXXXXXXX outside XXXXXXXXXXX, XXXXXXX to an infant being XXXXXX to compete XXXX an adult. The XXXXXXXXXXX industries XXXX so XXXXXXXX their operations XX get XXX XXXXXXX benefit XXXX the XXXXXXXXX XX scale; the operations are XXX most XXXXXXXXX as regards the conditions in XXX XXXXX XX manufacture, etc. To compete against XXXXX XXXXXXXXXXX XXXXXXXXXX, XXX XXX XXXXX-up XXXXXXXXXX require some XXXX XXXXXX which they XXXX up their XXXXXXXXXX. Therefore, for a XXX-XXXXXXX XXXXXXX XXXXXX, these industries XXXX to be XXXXXXXXX (XXXX import duties, XXX concessions XX the XXXXXXX, XXX.). XXXXXX Industries XXXX to be XXXXXXXXX XXXXXX XXX Indian economy was made XXXX. This protection XXXX to XX in XXX XXXX XX <strong style="XXX-XXXX-XXXX-XXXXXX: normal;">a XXXX XXXX XXX holiday</strong>.</p> <p XXXXX="MsoNormal" style="XXXX-height: 115%;">XXXXXX XX XXX:</p> <p class="XXXXXXXXX" style="XXXX-height: XXX%;">XXX trade XXXXXXXXXX XXXXXXXXX suffer overall XXXX fallacies in XXXXX. The main XXXXXX in XXXXX XX XXXX XXXXX are as XXXXXXX:</p> <p XXXXX="MsoListParagraphCxSpFirst" style="text-XXXXXX: -.25in; XXXX-height: 115%; XXX-XXXX: l0 XXXXXX lfo1;"><span style="XXXX-XXXXXX: Symbol; mso-fareast-XXXX-family: Symbol; XXX-XXXX-font-family: XXXXXX;"><span style="mso-XXXX: Ignore;">Images Not Shown<span style="XXXX: X.XXX XXXXX New XXXXX;"> </span></span></span>XXXX may XX XXXX by XXXXXXX imports XXX at the XXXX XXXX, XXX import procedures and process XXXXXX much more XXXX XXXX XXX XXXX jobs. These created jobs XXX in XXXXXX XXXX as transportation, XXXXXXXXX, retail, construction, XXX XXXXXXX, and in a myriad of other activities. The XXXXXXXX XXXXX first XXXX XX XX XXXXXXXXXXX, stored, converted, distributed, XXXXXXXXX XXXXXXXX XXX XXXXXXX XXXXXX XXXX XXXXXXXX for XXX XX XXX US XXXXXXXX.</p> <p class="MsoListParagraphCxSpMiddle" style="XXXX-indent: -.25in; line-XXXXXX: 115%; mso-list: XX XXXXXX lfo1;"><span style="font-family: XXXXXX; mso-XXXXXXX-XXXX-family: XXXXXX; mso-XXXX-XXXX-family: XXXXXX;"><span style="mso-list: Ignore;">Images Not Shown<span style="font: X.0pt Times New XXXXX;"> </span></span></span>XXXXXXXXX should XXXXXX goods XXXXX they have leading comparative advantages XXX not XXXXX XXXXXXXXX. XXX time and XXXXX spent XX producing goods with a basic XXXXXXXXX, XX XXXXX XXXX producing goods with a XXXXXXXXXXX advantage, will result in XXXX XXXXXXXXXX XX the XXXXXX, more XXXXXXX and XXXX foreign exchange.</p> <p XXXXX="XXXXXXXXXXXXXXXXXXXXXXXX" style="text-XXXXXX: -.XXXX; XXXX-height: 115%; XXX-XXXX: l0 XXXXXX XXXX;"><span style="XXXX-XXXXXX: Symbol; XXX-XXXXXXX-XXXX-XXXXXX: XXXXXX; mso-XXXX-XXXX-family: Symbol;"><span style="XXX-list: XXXXXX;">Images Not Shown<span style="font: 7.0pt XXXXX XXX Roman;"> </span></span></span>Protectionism XXXXX XXXXXXXXX XX choices XXX inefficient products. XXXXXXX XXXXXXXXXXX, XXXXX are XXXXXXX making XXX technology XXXXX thereby XXXXXXXXXX XXXXXXXXXX gaps. XXXX, XXXXXXXXXX XXX creativity in XXXXXXXXXXXXX are frequent in XXX XXXX XX XXXXXXXXXX XXXXXXXX.</p> <p XXXXX="XXXXXXXXX" style="XXXX-XXXXXX: XXX%;">The XXXX scenario where XXXXXXXXXXXXX may be justified is in XXXXXXXXX XXXXXXXXX XXXXXXX XXXXX XXXXXXX, XXXXXXXXX XXXXXXXX by a XXXXX of democratic XXXXXXX. XXXXXXX, this XX open to XXXXXX XXXXX it XXX XXXX XXXX that nations XXXX XXXXX on XXXXXXX of power XX dictators. Dictators are XXXXXXXXX XXXX XXXX XXXXX XXXXXXXXX XXX not the XXXXXX’s XXXXXXXXX. XX example of rogue XXXXXXXXXXXXX XX XXX &XXXXX;trade XXXXXXXXX&XXXXX; XXXXXX by the XXXX XXXXXXX Iraq XXXXX its XXXXXXXX XX XXXXXX on, from 1990 XX XXXX.</p> <p class="XXXXXXXXX" style="XXXX-height: 115%;"></p> <p class="MsoNormal" style="line-height: XXX%;">Chapter 18:</p> <p class="XXXXXXXXX" style="XXXX-height: 115%;">1a) XXXXXXXXXXX Trade XXXXXXX = Total XXXXXXX- Total XXXXXXX</p> <p class="MsoNormal" style="XXXX-XXXXXX: 115%;">= $350 - $XXXX =<span style="XXX-XXXXXXXX: XXX;"> </span>(-)$2,075 XXXXXXX</p> <p XXXXX="XXXXXXXXX" style="line-XXXXXX: 115%;">XXX Merchandise Trade Balance XX $X,075.XX Billion of XXXXXXX.</p> <p XXXXX="MsoNormal" style="XXXX-XXXXXX: 115%;">b) Balance of XXXXX & Services XX the XXXXXXXXXXX Trade XXXXXXX XXXX services values XXXX considered</p> <p XXXXX="XXXXXXXXX" style="line-XXXXXX: 115%;">= ($350 + $X,145)-($ X,XXX+$XXX) = (-) $ 100 billion</p> <p XXXXX="MsoNormal" style="XXXX-XXXXXX: XXX%;">Balance of Goods and XXXXXXXX XX $100 XXXXXXX imports.</p> <p class="MsoNormal" style="line-height: XXX%;"><span style="XXX-spacerun: XXX;"></span>(c )<span style="mso-spacerun: XXX;"> </span>Balance XX current account = XXXXXXX XX XXXXX &XXX; XXXXXXXX + XXX Income and XXXXXXXXX</p> <p XXXXX="XXXXXXXXX" style="line-XXXXXX: 115%;"><span style="XXX-tab-XXXXX: X;"> </span>= (-$100) + $221.5 = $121.XX XXXXXXX</p> <p XXXXX="XXXXXXXXX" style="XXXX-height: XXX%;">(d) Financial XXXXXXX balance = XXXXXX in Foreign Ownership XX XX XXXXXX - Change in US Ownership of Foreign XXXXXX</p> <p XXXXX="MsoNormal" style="line-height: 115%;">= $100-$XXX</p> <p class="XXXXXXXXX" style="XXXX-height: XXX%;">=(-) $145 Billion</p> <p class="MsoNormal" style="line-height: 115%;">XXXXX XXX XX has more XXXXXX XXXX XXXXXXXXXXX in the XXXXX.</p> <p style="margin-XXX: 0in; margin-right: XXX; XXXXXX-bottom: X.5pt; XXXXXX-XXXX: 0in; line-height: 15.XXX; background: XXXXX;">(e ) S<span style="color: #333333;">tatistical XXXXXXXXXXX = Balance XX XXXXXXX Account - Financial Account XXXXXXX</span></p> <p style="XXXXXX-XXX: XXX; margin-XXXXX: 0in; margin-XXXXXX: 7.XXX; margin-XXXX: 0in; line-XXXXXX: 15.0pt; XXXXXXXXXX: white;"><span style="color: #XXXXXX;"><br /> = 121.5-(-XXX) = 266.X Billion</span></p> <p style="XXXX-height: XX.0pt; background: white;"><span style="color: #XXXXXX;">2.</span> <span style="XXXXX: #333333;">a. <strong style="mso-bidi-font-weight: XXXXXX;">X Hong XXXX financier buys some X.S. XXXXXXXXX stock</XXXXXX></span></p> <p style="XXXX-XXXXXX: 15.0pt; XXXXXXXXXX: white;"><span style="color: #333333;">Credit Account (XX): Change in XXXXXXX Owned Assets in US </span></p> <p style="XXXX-XXXXXX: 15.XXX; XXXXXXXXXX: XXXXX;"><span style="XXXXX: #333333;">XXXXX Account(Dr): XXX XXXXXX XXX XXX XXXXXXXXX</span></p> <p style="line-XXXXXX: 15.XXX; background: white;"><XXXXXX style="XXX-bidi-XXXX-weight: normal;"><span style="XXXXX: #XXXXXX;">b. X X.S. tourist in Paris XXXX XXXX XXXXXXX XX XXXX home<span style="mso-tab-XXXXX: 1;"> </span></span></strong></p> <p style="line-height: XX.XXX; background: XXXXX;"><span style="XXXXX: #333333;">XX: XXX Income XXX XXX Transfers</span></p> <p style="XXXX-XXXXXX: 15.0pt; background: white;"><span style="color: #333333;">XX: Merchandise XXXXXXX</span></p> <p style="XXXX-height: XX.XXX; XXXXXXXXXX: XXXXX;"><strong style="XXX-bidi-XXXX-XXXXXX: XXXXXX;"><span style="color: #333333;">c. X XXXXXXXX company XXXXX machinery XX a XXXXXXXXX XXXXXXX in XXXXXX</span></strong></p> <p style="XXXX-XXXXXX: 15.0pt; XXXXXXXXXX: XXXXX;"><span style="XXXXX: #XXXXXX;">XX: Net Income XXX Net XXXXXXXXX</span></p> <p style="line-XXXXXX: XX.XXX; XXXXXXXXXX: white;"><span style="XXXXX: #333333;">XX: Merchandise XXXXXXX</span></p> <p style="line-XXXXXX: XX.XXX; background: white;"><strong style="mso-XXXX-font-weight: normal;"><span style="color: #333333;">d. X.S. farmers XXXX XXXX to XXXXXXXX XXXXXXXX in Ethiopia</span></XXXXXX></p> <p style="line-XXXXXX: 15.0pt; XXXXXXXXXX: white;"><span style="XXXXX: #XXXXXX;">Not applicable as this is not a XXXXX.</span></p> <p style="line-XXXXXX: XX.XXX; XXXXXXXXXX: XXXXX;"><XXXXXX style="XXX-bidi-font-weight: normal;"><span style="XXXXX: #333333;">e. The X.S. XXXXXXXX sells a XXXX XX a XXXXX XXXXXXX XXXXXX</span></strong></p> <p style="line-height: XX.0pt; XXXXXXXXXX: XXXXX;"><span style="XXXXX: #XXXXXX;">Cr: XXXXXX in XXXXXXX XXXXX XXXXXX in XX</span></p> <p style="XXXX-XXXXXX: XX.0pt; XXXXXXXXXX: XXXXX;"><span style="color: #XXXXXX;">Dr: <span style="XXX-spacerun: XXX;"></span>XXX Income and Net XXXXXXXXX</span></p> <p style="line-XXXXXX: XX.XXX; XXXXXXXXXX: XXXXX;"><strong style="XXX-bidi-font-weight: XXXXXX;"><span style="color: #333333;">f. A X.S. tourist XXXXX XX XXXXXX on Air XXXXXX</span></strong></p> <p style="line-height: XX.0pt; background: XXXXX;"><span style="XXXXX: #333333;">Cr: Net Income and Net XXXXXXXXX</span></p> <p style="XXXX-XXXXXX: 15.0pt; XXXXXXXXXX: XXXXX;"><span style="color: #333333;">XX: <span style="XXX-spacerun: yes;"></span>XXXXXXX XXXXXXX</span></p> <p style="line-height: XX.0pt; XXXXXXXXXX: white;"><XXXXXX style="mso-XXXX-XXXX-XXXXXX: normal;"><span style="color: #XXXXXX;">g. A U.S. company XXXXX insurance to a foreign XXXX</span></strong></p> <p style="XXXX-XXXXXX: 15.XXX; XXXXXXXXXX: white;"><span style="XXXXX: #333333;">Cr: Export of Services</span></p> <p style="XXXXXX-XXX: XXX; margin-XXXXX: 0in; margin-XXXXXX: X.XXX; XXXXXX-XXXX: 0in; XXXX-height: XX.0pt; XXXXXXXXXX: XXXXX;"><span style="XXXXX: #333333;">Dr: XXX XXXXXX XXX XXX Transfers</span></p> <p style="XXXXXX-top: 0in; margin-right: XXX; XXXXXX-bottom: 7.XXX; margin-left: XXX; text-align: XXXXXX; XXXX-XXXXXX: 15.0pt; background: XXXXX;" align="center">***********</p>">
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