Author Question: The table above gives some of the balance of payments accounts of the United States in 2019. a. ... (Read 77 times)

burchfield96 · **on:** Jun 29, 2018

The table above gives some of the balance of payments accounts of the United States in 2019.

a. What is the current account balance?
b. What is the capital and financial account balance?
c. What is the official settlements account balance?
d. What is the balance of all account payments?

Question 2

Scott and Cindy both produce only pizza and tacos. In one hour, Scott can produce 20 pizzas or 40 tacos. In one hour, Cindy can produce 30 pizzas or 40 tacos. Based on these data,

A) Cindy has a comparative advantage at producing tacos.
B) Scott has a comparative advantage at producing tacos.
C) Cindy and Scott have the same comparative advantage in producing tacos.
D) neither Cindy nor Scott has a comparative advantage in producing tacos.
E) Cindy and Scott have the same comparative advantage in producing pizzas.

zenzy · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

a. The current account balance is 345 billion.
b. The capital and financial account balance is -350 billion.
c. The official settlements account balance is 5 billion.
d. The balance of all account payments is zero.

Answer to Question 2

B