You are an economic advisor to the president. You observe an increase in exports. Assume the economy was operating at the full employment level of real GDP prior to the increase in exports Describe the state of the economy and advise the president on the appropriate policy action by completing the following sentences
a. The increase in exports will lead to Cick to select) in net exports and in turn ((Click to select) in aggregate demand As a result, real GDP will (Click to select)
b. The problem that this event will cause is (Click to select)
c. Appropriate (Click to policy actions would include (Ckk ее taxes and/or ci k se ; government purchases.
d. These actions will smooth out the business cycle by (cick to selct) actual real GDP back toward full-employment GDP

How do primary and secondary industries differ

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?

Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form