Reference no: EM13686653

1 Summarize the major accounts in the balance of trade, and explain how they balance out

i. (Balance of Payments) The following are hypothetical data for the U.S. balance of payments. Use the data to calculate each of the following:

a. Merchandise trade balance
b. Balance on goods and services
c. Balance on current account
d。Financial account balance
e. Statistical discrepancy

ii: (Balance of Payments) Explain where in the U.S. balance of payments an entry would be recorded for each of the following:

a. A Hong Kong financier buys some U.S. corporate stock.
b. A U.S. tourist in Paris buys some perfume to take home.
c. A Japanese company sells machinery to a pineapple company in Hawaii.
d。美国农民给埃塞俄比亚的饥饿儿童提供食物。
e. The U.S. Treasury sells a bond to a Saudi Arabian prince
f. A U.S. tourist flies to France on Air France.
g. A U.S. company sells insurance to a foreign firm.

2: Summarize five arguments often used to justify trade restrictions, and describe some unintended consequences of protecting certain industries from international competition

3.（有关贸易限制的论点）解释国防，行业下降以及婴儿行业保护国内产业免受国际竞争的争论。

4. (Arguments for Trade Restrictions) Firms hurt by lower priced imports typically argue that restricting trade will save U.S. jobs. What's wrong with this argument? Are there ever any reasons to support such trade restrictions?