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Thursday 261112

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  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 11 The Macroeconomics of Open Economies Chapter 31 of 36 Open-Economy Macroeconomics: Basic Concepts Section 4 of 11 … Figure 1 - The Internationalization of the U.S. Economy This figure shows exports and imports of U.S. economy as a percentage of U.S. gross domestic product since 1950. The substantial increases over the years show the increasing importance of international trade and finance. … The growth of international trade and finance in the U.S. economy over the past five decades has been dramatic. Figure 1 shows total value of goods as a percentage of gross domestic product exported to other countries and imported from other countries In the 1950s, imports and exports were between 4 and 5 percent of GDP. Recently, exports have been over 10% and imports over 15%. … In 2008 the top U.S. trading partners, total imports and exports, biggest at top · Canada · China · Mexico · Japan · Germany · Unit...
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Wednesday 261111

  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 11 The Macroeconomics of Open Economies Chapter 31 of 36 Open-Economy Macroeconomics: Basic Concepts Section 3 of 11 … The two ways in an open economy how one economy interacts with other economies are · in international product markets it sells and buys goods · in international financial markets it buys and sells financial assets including stocks and bonds The net exports of any country is the difference between the value of its exports and the value of its imports. Net exports = value of exports - value of imports A Boeing sale to Air France raises U.S. net exports and decreases France net exports. … Total net exports is called the trade balance. If a country’s net exports are positive · exports are greater than imports · the country sells more goods to abroad than it buys from abroad · the country is said to run a trade surplus If a country’s net exports are negative · imports are greater than expor...
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Tuesday 261110

  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 11 The Macroeconomics of Open Economies Chapter 31 of 36 Open-Economy Macroeconomics: Basic Concepts Section 2 of 11 … There are strong benefits to international trade, including it allows people to: · produce greater amounts at lower cost of what they are best at · consume a greater quantity and variety of goods from around the world Restated from Chapter 1, the Ten Principles of Economics: 1: people face trade-offs 2: the cost of something is what you give up to get it 3: rational people think at the margin 4: people respond to incentives 5: trade can make everyone better off 6: markets are usually a good way to organize economic activity 7: governments can sometimes improve market outcomes 8: a country's standard of living depends on its ability to produce goods 9: prices rise when the government issues too much money 10: society faces a short-run trade-off between inflation and unemployment One of t...
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Monday 261109

  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 11 The Macroeconomics of Open Economies Chapter 31 of 36 Open-Economy Macroeconomics: Basic Concepts Section 1 of 11 … Chapter 31 Topics The International Flows of Goods and Capital The Flow of Goods: Exports, Imports, and Net Exports The Increasing Openness of the U.S. Economy Breaking Up the Chain of Production The Flow of Financial Resources: Net Capital Outflow The Equality of Net Exports and Net Capital Outflow Saving, Investment, and Their Relationship to the International Flows Is the U.S. Trade Deficit A National Problem? … … basic logic kihon'na rojikku 基本なロジック … …. ChatCPT summary of Chapter 31 - Open-Economy Macroeconomics: Basic Concepts: This chapter explains how a country interacts economically with the rest of the world through trade and financial markets. Mankiw distinguishes between exports, goods and services produced domestically and sold abroad, and imports, goods and services produc...
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Scot and Fumiko pictures and information

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  Fumiko Scot's information: Weight at 166 pounds, got to 160 pounds five years ago and have recently been bouncing between 163 and 168. Common sense ways to lose and keep off weight are eat right and light and get lots of exercise. Main exercise is walking, do 1~2 miles most days. Over career worked as a salesman in the steelmaking, fasteners, and auto manufacturing industries, lots of travel in U.S., Canada, Mexico, and Japan. Have visited every U.S. city with a major league, MLB, NFL, NBA, NHL, sports team except Sacramento, have gotten as close as Travis Air Force Base. Often traveled on Sundays, much time on the road so could not eat right and get enough exercise so got heavy, up to 200 lbs. Was on commission and made enough to retire early, able eat good food and get enough exercise. Now spend most time reading and writing. Our Wick branch goes back to the brother of owner of the Wick House at Morristown National Historical Park in Morristown New Jersey, and on back to Staine...
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HAT Manifesto Part 1 of 2 Rubric Cube Veracity and or Efficacy - 260802 edit

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  “The world we see that seems so insane is the result of a belief system that is not working. To perceive the world differently, we must be willing to change our belief system, let the past slip away, expand our sense of now, and dissolve the fear in our minds.” - William James “All experience has shown mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.” - Thomas Jefferson “Wherever good fortune enters, envy lays siege and attacks it. And when it departs, sorrow and repentance remain behind.” - Leonardo da Vinci “Struggle is the indispensable accompaniment of progress. If men were entirely social, man would stagnate. A certain alloy of individualism and competition is required to make the human species survive and grow. Without qualities of an unsocial kind men might have led an Arcadian shepherd life in complete harmony, contentment, and mutual love. But in that case all their talents wou...
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