Assignment:
THIS IS SIMPLE QUESTION AND ANSWER: NO RESEARCH REQUIRED. 100 WORDS MIN. PER POST. PLEASE ANSWER ON THIS FORM.
Question 1. What is the effect of a trade surplus? What is the effect of a trade deficit? How do trade deficits and surpluses affect the industry in which you work?
Question 2. From a bankers perspective, do you feel the trade deficit the US is running is having a negative effect on the economy?
Question 3. Is the US a net exporter of rice? What would be the impact on the US economy?
Question 4. What is the difference between a movement along and a shift of the demand curve? What is the effect on the equilibrium price and quantity that results from an increase in demand, supply, and both? Provide examples for each instance. What is the role of supply and demand in decision making? Provide a real-world example.
Question 5. Would a change in consumer incomes shift the demand curve and thus the price for goods and services?