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Venezuela has experienced a weather issue that is causing problems for the country. This is:   

In the National Income Accounting equation, if (X-M)>0 then we know there is a trade surplus.  

Ebay, an American firm, purchases $6M of new computer technology from Germany. We see that GDP ______ as a result of the imports in the short run. 

Opposition to immigration is called:

American consumers of foreign products are hurt when tariffs or quotas are imposed. 

A quota is imposed on grain imported from Central America. From this we know that the quantity exchanged of the foreign grain will decrease. But the quantity exchange of the domestic substitute will increase. 

There is a cumulative final test in this course. 

As an example, he surveyed French people about what percent of the population is made up of immigrants. Responses showed that the French drastically underestimated the portion of the population that were immigrants…thought there was about 7% when it was really more like 17%. 

What was the primary driver of IBM’s ROA for 2014 through 2016?

Legal protections, like patents, can serve as a trade barrier as well.