EMPIRICAL PART: Find data on the total value of imports and exports of the US with China. Assume that the Renminbi appreciates 10% against the USD from its current value overnight. What will be the volume (qualitative answer expected) and the value effect (quantitative answer expected) in the US current account overnight (for value effect) and over 2 years time (for volume effect)? IFF US net importer of T-Shirts from China and a net exporter of Passenger Aircraft to China, assuming that there are 340mln consumers of T-Shirts per year sold in the US before the appreciation selling for 10 dollars each and the elasticity of demand is 1, whereas US exports 30 Passenger Aircrafts per year sold at 100mln USD but the elasticity of demand for Aircraft is 2, which effect will dominate?

Afreelance​ singer-songwriter is planning the restoration of a recently purchased civil​ war-era farmhouse. while he professes an enjoyment​ of, and talent in the construction​ trades, the theory of comparative advantage implies that a. the value of what he imports​ (in this​ case, professional contractor​ services) must equal the value of what he exports​ (songs). b. he should concentrate on the restoration work since his​ out-of-pocket costs will be much lower than if he hires professionals. c. ​self-sufficiency is​ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the work​ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since imports​ (in this​ case, professional contractor​ services) should always be restricted to those things that cannot be done internall

How does having a flexible mind you become a better employee? a. it you become more honest toward work. b. it you become a team player. c. it you learn new things that will better your performance. d. it you to finish your work on time. e. it you reach work on time

What tax is paid by the most people in the united states