What has happened to Mexico's balance of trade with the United States since NAFTA took effect?

What are the effects of a tariff on imported goods?

Which of the following statements is NOT true?

A) Total variable costs change with volume

B) Fixed Costs per unit remain unchanged within the relevant range

C) Total fixed costs remain the same regardless of volume within the relevant range

D) Variable costs per unit remain the same regardless of volume within the relevant range

Finish the following sentence.

The traditional view of the production process is that capital is subject to ____________.

A) diminishing returns

B) diminishing returns for low levels of capital and increasing returns for high levels of capital

C) increasing returns

D) constant returns

Explain Scientific Discoveries and Innovations

Use information from the text to write a paragraph explaining how military needs led to new scientific discoveries and technological innovations during World War II. Then describe which discoveries or innovations led to a higher standard of living after the war.

Prepare journal entries to record transactions for Vitalo Company.

Nov.  1 Accepted a $6,000, 180-day, 8% note from Kelly White in granting a time extension on her past-due account receivable.
Dec. 31 Adjusted the year-end accounts for the accrued interest earned on the White note.
Apr. 30 White honored her note when presented for payment.

At December 31, Folgeys Coffee Company reports the following results for its calendar year.

1. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 3% of credit sales.

2. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 1% of total sales.

3. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 6% of year-end accounts receivable.

Warner Company's year-end unadjusted trial balance shows accounts receivable of$99,000, allowance for doubtful accounts of$600 (credit), and sales of $140,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles.

Warner Company’s year-end unadjusted trial balance shows accounts receivable of $99,000, allowance for doubtful accounts of$600 (credit), and sales of $140,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectible.

BioWare's year-end unadjusted trial balance shows accounts receivable of $28,000 and sales of $390,000. Uncollectible are estimated to be 2% of sales. Prepare the December 31 year-end adjusting entry for uncollectible using the percent of sales method.

"Ronald Reagan's campaigns against the leftist Sandinista regime in Nicaragua and the leftist . . . guerrillas in El Salvador took on all the characteristics of a holy crusade against communist forces in Central America. From the beginning of his first term, President Reagan sought to overthrow the Sandinistas, employing tactics that included economic sanctions, a campaign of public misinformation, support of rightist counterrevolutionary armies (the contras), and covert terrorist operations aided by the CIA."

What do you think the writer thinks of U.S. involvement in Nicaragua and El Salvador?

Refer to Table 16.2 and assume that the Fed's reserve ratio is 10 percent and the economy is in a severe recession. Also suppose that the commercial banks are hoarding all excess reserves (not lending them out) because of their fear of loan defaults. Finally, suppose that the Fed is highly concerned that the banks will suddenly lend out these excess reserves and possibly contribute to inflation once the economy begins to recover and confidence is restored. By how many percentage points would the Fed need to increase the reserve ratio to eliminate one-third of the excess reserves? What would be the size of the monetary multiplier before and after the change in the reserve ratio? By how much would the lending potential of the banks decline as a result of the increase in the reserve ratio?

Patient presents to the ER with pain and tenderness over the ulnar border of the thumb MCP joint. She explains that she injured it when her ski pole hit her thumb. You notice radial deviation of the thumb.

What is the most likely diagnosis?

Refer to the table for Moola below to answer the following questions. What is the equilibrium interest rate in Moola? What is the level of investment at the equilibrium interest rate? Is there either a recessionary output gap (negative GDP gap) or an inflationary output gap (positive GDP gap) at the equilibrium interest rate and, if either, what is the amount? Given money demand, by how much would the Moola central bank need to change the money supply to close the output gap? What is the expenditure multiplier in Moola?