Question

Consider a world with three equal-sized economies (A, B, and C) and three goods (clothes, cars, and computers). Assume that consumers in all three economies want to spend an equal amount on all three goods. The value of production of each good in the three economies is given as follows: A B C Clothes 18 0 9 Cars 9 18 0 Computers 0 9 18 a. If no country borrows from abroad, what will be the trade balance in each country? Each country will have a trade balance. (Enter a whole number.) b. What will be the pattern of trade in this world? Country A will import from and will export to . Country B will import from and will export to . Country C will import from and will export to . Which of the following is true regarding bilateral deficits? A. Country A will have a zero trade balance with country B. B. Country A will have a zero trade balance with country C. C. Country B will have a zero trade balance with country C. D. No country will have a zero trade balance with any other country.

          Consider a world with three equal-sized economies (A, B, and C) and three goods (clothes, cars, and computers).
Assume that consumers in all three economies want to spend an equal amount on all three goods.
The value of production of each good in the three economies is given as follows:

A B C
Clothes 18 0 9
Cars 9 18 0
Computers 0 9 18

a. If no country borrows from abroad, what will be the trade balance in each country?
Each country will have a trade balance. (Enter a whole number.)
b. What will be the pattern of trade in this world?
Country A will import from and will export to .
Country B will import from and will export to .
Country C will import from and will export to .
Which of the following is true regarding bilateral deficits?
A. Country A will have a zero trade balance with country B.
B. Country A will have a zero trade balance with country C.
C. Country B will have a zero trade balance with country C.
D. No country will have a zero trade balance with any other country.

Consider a world with three equal-sized economies (A, B, and C) and three goods (clothes, cars, and computers).
Assume that consumers in all three economies want to spend an equal amount on all three goods.
The value of production of each good in the three economies is given as follows:

A B C
Clothes 18 0 9
Cars 9 18 0
Computers 0 9 18

a. If no country borrows from abroad, what will be the trade balance in each country?
Each country will have a trade balance. (Enter a whole number.)
b. What will be the pattern of trade in this world?
Country A will import from and will export to .
Country B will import from and will export to .
Country C will import from and will export to .
Which of the following is true regarding bilateral deficits?
A. Country A will have a zero trade balance with country B.
B. Country A will have a zero trade balance with country C.
C. Country B will have a zero trade balance with country C.
D. No country will have a zero trade balance with any other country.

Added by Edward P.

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