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REWRITE GIVEN ANSWERS (BALANCE OF PAYMENT PROBLEMS)
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Hi,</span></p> <p><span style="font-size: small;">Answers to Q3 and Q4 are correct. Have made them look different. In 3, have written a conclusion line at the end of each.</span></p> <p><span style="font-size: small;">Q1: Has been improved a lot with examples.</span></p> <p><span style="font-size: small;">Q2: The answer given in your attachment is not correct in entirety. Have corrected same.</span></p> <p><span style="font-size: small;">(The same file is also attached).</span></p> <p><span style="font-size: small;">Regards</span></p> <p><span style="font-size: small;">Bilbo</span></p> <p><span style="font-size: small;">NB: Give me a grade pls.</span></p> <p><span style="font-size: small;">_____________________________</span></p> <p><!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG/> </o:OfficeDocumentSettings> </xml><![endif]--></p> <p><!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> <w:SnapToGridInCell/> <w:WrapTextWithPunct/> <w:UseAsianBreakRules/> <w:DontGrowAutofit/> <w:SplitPgBreakAndParaMark/> <w:EnableOpenTypeKerning/> <w:DontFlipMirrorIndents/> <w:OverrideTableStyleHps/> </w:Compatibility> <m:mathPr> <m:mathFont m:val="Cambria Math"/> <m:brkBin m:val="before"/> <m:brkBinSub m:val="--"/> <m:smallFrac m:val="off"/> <m:dispDef/> <m:lMargin m:val="0"/> <m:rMargin m:val="0"/> <m:defJc m:val="centerGroup"/> <m:wrapIndent m:val="1440"/> <m:intLim m:val="subSup"/> <m:naryLim m:val="undOvr"/> </m:mathPr></w:WordDocument> </xml><![endif]--><!--[if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="true" DefSemiHidden="true" DefQFormat="false" DefPriority="99" LatentStyleCount="267"> <w:LsdException Locked="false" Priority="0" SemiHidden="false" UnhideWhenUsed="false" QFormat="true" Name="Normal"/> <w:LsdException Locked="false" Priority="9" SemiHidden="false" UnhideWhenUsed="false" QFormat="true" Name="heading 1"/> <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 2"/> <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 3"/> <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 4"/> <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 5"/> <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 6"/> <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 7"/> <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 8"/> <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 9"/> <w:LsdException Locked="false" Priority="39" Name="toc 1"/> <w:LsdException Locked="false" Priority="39" Name="toc 2"/> <w:LsdException Locked="false" Priority="39" Name="toc 3"/> <w:LsdException Locked="false" Priority="39" Name="toc 4"/> <w:LsdException Locked="false" Priority="39" Name="toc 5"/> <w:LsdException Locked="false" Priority="39" Name="toc 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<w:LsdException Locked="XXXXX" Priority="1" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="false" XXXXXXX="true" Name="No Spacing"/> <w:LsdException Locked="false" XXXXXXXX="XX" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" XXXX="XXXXX XXXXXXX"/> <w:LsdException Locked="false" XXXXXXXX="61" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="XXXXX" XXXX="XXXXX List"/> <w:LsdException Locked="false" XXXXXXXX="62" SemiHidden="XXXXX" UnhideWhenUsed="XXXXX" XXXX="Light XXXX"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="63" SemiHidden="XXXXX" UnhideWhenUsed="false" Name="XXXXXX Shading 1"/> <w:LsdException Locked="false" Priority="XX" SemiHidden="false" XXXXXXXXXXXXXX="false" Name="XXXXXX XXXXXXX 2"/> <w:LsdException Locked="XXXXX" XXXXXXXX="XX" SemiHidden="false" XXXXXXXXXXXXXX="false" XXXX="Medium List X"/> <w:XXXXXXXXXXXX XXXXXX="false" Priority="XX" SemiHidden="false" XXXXXXXXXXXXXX="XXXXX" Name="Medium List 2"/> <w:XXXXXXXXXXXX Locked="XXXXX" Priority="67" SemiHidden="false" XXXXXXXXXXXXXX="XXXXX" Name="XXXXXX Grid X"/> <w:LsdException Locked="false" XXXXXXXX="68" SemiHidden="false" UnhideWhenUsed="false" XXXX="Medium Grid 2"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" XXXXXXXX="69" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" XXXX="Medium XXXX 3"/> <w:LsdException Locked="XXXXX" XXXXXXXX="70" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" Name="XXXX List"/> <w:XXXXXXXXXXXX Locked="XXXXX" Priority="71" SemiHidden="XXXXX" UnhideWhenUsed="XXXXX" Name="XXXXXXXX Shading"/> <w:LsdException Locked="XXXXX" Priority="XX" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" Name="XXXXXXXX XXXX"/> <w:LsdException Locked="false" Priority="XX" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="false" XXXX="XXXXXXXX XXXX"/> <w:XXXXXXXXXXXX Locked="XXXXX" XXXXXXXX="XX" SemiHidden="false" UnhideWhenUsed="false" Name="XXXXX Shading XXXXXX 1"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="XX" XXXXXXXXXX="false" XXXXXXXXXXXXXX="false" XXXX="Light XXXX Accent X"/> <w:LsdException XXXXXX="XXXXX" XXXXXXXX="XX" SemiHidden="XXXXX" UnhideWhenUsed="XXXXX" Name="Light Grid Accent X"/> <w:LsdException XXXXXX="false" Priority="63" SemiHidden="false" UnhideWhenUsed="false" XXXX="Medium Shading X XXXXXX X"/> <w:XXXXXXXXXXXX Locked="XXXXX" Priority="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" XXXX="Medium Shading 2 XXXXXX 1"/> <w:XXXXXXXXXXXX Locked="XXXXX" XXXXXXXX="65" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" Name="Medium XXXX X Accent 1"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" UnhideWhenUsed="XXXXX" XXXX="Revision"/> <w:LsdException Locked="XXXXX" Priority="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" XXXXXXX="XXXX" XXXX="List XXXXXXXXX"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="29" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="false" QFormat="XXXX" Name="Quote"/> <w:XXXXXXXXXXXX XXXXXX="false" XXXXXXXX="30" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="XXXXX" XXXXXXX="XXXX" XXXX="Intense XXXXX"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="66" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" XXXX="XXXXXX List X Accent 1"/> <w:LsdException XXXXXX="false" XXXXXXXX="XX" SemiHidden="false" UnhideWhenUsed="false" XXXX="XXXXXX Grid X XXXXXX 1"/> <w:LsdException XXXXXX="XXXXX" Priority="68" SemiHidden="false" XXXXXXXXXXXXXX="false" XXXX="Medium XXXX X Accent 1"/> <w:XXXXXXXXXXXX XXXXXX="false" XXXXXXXX="XX" XXXXXXXXXX="false" XXXXXXXXXXXXXX="false" XXXX="XXXXXX XXXX 3 XXXXXX X"/> <w:XXXXXXXXXXXX XXXXXX="false" XXXXXXXX="70" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" Name="Dark List XXXXXX X"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="71" XXXXXXXXXX="false" XXXXXXXXXXXXXX="XXXXX" Name="XXXXXXXX Shading XXXXXX X"/> <w:LsdException Locked="false" Priority="72" SemiHidden="XXXXX" XXXXXXXXXXXXXX="false" XXXX="Colorful List XXXXXX X"/> <w:LsdException Locked="false" XXXXXXXX="73" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" XXXX="XXXXXXXX XXXX Accent X"/> <w:LsdException XXXXXX="false" XXXXXXXX="XX" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" XXXX="XXXXX Shading XXXXXX X"/> <w:LsdException Locked="XXXXX" XXXXXXXX="61" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" XXXX="Light List Accent X"/> <w:LsdException Locked="XXXXX" Priority="62" SemiHidden="false" UnhideWhenUsed="XXXXX" Name="XXXXX XXXX XXXXXX 2"/> <w:LsdException XXXXXX="XXXXX" Priority="XX" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="XXXXX" Name="Medium Shading X XXXXXX 2"/> <w:XXXXXXXXXXXX XXXXXX="false" Priority="64" XXXXXXXXXX="XXXXX" UnhideWhenUsed="XXXXX" XXXX="XXXXXX XXXXXXX 2 XXXXXX 2"/> <w:XXXXXXXXXXXX Locked="XXXXX" Priority="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" Name="XXXXXX List 1 Accent X"/> <w:LsdException Locked="XXXXX" XXXXXXXX="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" XXXX="XXXXXX XXXX X Accent 2"/> <w:LsdException XXXXXX="XXXXX" Priority="67" XXXXXXXXXX="false" UnhideWhenUsed="false" Name="XXXXXX Grid X XXXXXX X"/> <w:LsdException Locked="false" XXXXXXXX="XX" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" Name="Medium XXXX X XXXXXX 2"/> <w:LsdException XXXXXX="XXXXX" Priority="XX" XXXXXXXXXX="false" XXXXXXXXXXXXXX="XXXXX" XXXX="Medium Grid 3 Accent 2"/> <w:LsdException Locked="false" XXXXXXXX="70" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" Name="Dark List XXXXXX X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="XXXXX" XXXX="Colorful XXXXXXX Accent 2"/> <w:LsdException XXXXXX="XXXXX" Priority="XX" SemiHidden="XXXXX" UnhideWhenUsed="XXXXX" XXXX="Colorful XXXX Accent X"/> <w:LsdException Locked="XXXXX" Priority="73" SemiHidden="false" UnhideWhenUsed="XXXXX" XXXX="Colorful XXXX Accent 2"/> <w:LsdException Locked="XXXXX" Priority="XX" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="XXXXX" XXXX="XXXXX XXXXXXX Accent 3"/> <w:LsdException XXXXXX="false" Priority="XX" SemiHidden="XXXXX" UnhideWhenUsed="false" Name="Light XXXX Accent 3"/> <w:XXXXXXXXXXXX XXXXXX="false" XXXXXXXX="XX" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="XXXXX" Name="Light XXXX Accent X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" XXXXXXXX="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="XXXXX" Name="Medium XXXXXXX X XXXXXX 3"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="XX" XXXXXXXXXX="false" XXXXXXXXXXXXXX="XXXXX" XXXX="XXXXXX XXXXXXX X Accent X"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="XX" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" XXXX="Medium List X XXXXXX 3"/> <w:LsdException XXXXXX="false" XXXXXXXX="66" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" XXXX="XXXXXX List X XXXXXX X"/> <w:XXXXXXXXXXXX XXXXXX="false" XXXXXXXX="XX" SemiHidden="XXXXX" XXXXXXXXXXXXXX="false" XXXX="Medium Grid 1 Accent X"/> <w:XXXXXXXXXXXX Locked="XXXXX" XXXXXXXX="XX" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" XXXX="Medium XXXX X Accent 3"/> <w:XXXXXXXXXXXX XXXXXX="false" Priority="XX" XXXXXXXXXX="false" UnhideWhenUsed="false" Name="XXXXXX XXXX 3 XXXXXX 3"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="70" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" XXXX="XXXX List XXXXXX X"/> <w:XXXXXXXXXXXX XXXXXX="false" Priority="XX" SemiHidden="XXXXX" UnhideWhenUsed="XXXXX" XXXX="Colorful Shading Accent 3"/> <w:XXXXXXXXXXXX Locked="false" Priority="72" SemiHidden="XXXXX" UnhideWhenUsed="XXXXX" Name="Colorful List Accent 3"/> <w:LsdException XXXXXX="false" Priority="XX" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="XXXXX" XXXX="Colorful Grid XXXXXX X"/> <w:LsdException XXXXXX="XXXXX" Priority="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" XXXX="XXXXX Shading XXXXXX 4"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="XX" SemiHidden="false" UnhideWhenUsed="XXXXX" XXXX="Light XXXX XXXXXX 4"/> <w:LsdException XXXXXX="false" XXXXXXXX="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" Name="Light Grid Accent X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="XX" XXXXXXXXXX="false" UnhideWhenUsed="false" Name="XXXXXX Shading X XXXXXX X"/> <w:LsdException XXXXXX="false" Priority="XX" SemiHidden="false" XXXXXXXXXXXXXX="XXXXX" XXXX="Medium XXXXXXX 2 Accent X"/> <w:XXXXXXXXXXXX Locked="XXXXX" Priority="65" SemiHidden="false" UnhideWhenUsed="false" Name="XXXXXX XXXX X Accent X"/> <w:XXXXXXXXXXXX XXXXXX="false" XXXXXXXX="66" XXXXXXXXXX="false" UnhideWhenUsed="false" Name="XXXXXX XXXX 2 Accent X"/> <w:XXXXXXXXXXXX Locked="false" Priority="XX" SemiHidden="XXXXX" UnhideWhenUsed="XXXXX" XXXX="Medium Grid X Accent 4"/> <w:XXXXXXXXXXXX XXXXXX="false" Priority="68" SemiHidden="false" XXXXXXXXXXXXXX="XXXXX" Name="XXXXXX XXXX X Accent X"/> <w:XXXXXXXXXXXX XXXXXX="false" XXXXXXXX="XX" XXXXXXXXXX="false" XXXXXXXXXXXXXX="false" XXXX="Medium XXXX 3 XXXXXX 4"/> <w:LsdException XXXXXX="false" Priority="XX" SemiHidden="false" UnhideWhenUsed="false" Name="XXXX XXXX Accent 4"/> <w:LsdException XXXXXX="XXXXX" XXXXXXXX="XX" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" Name="XXXXXXXX XXXXXXX Accent 4"/> <w:XXXXXXXXXXXX Locked="false" Priority="72" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="false" XXXX="Colorful XXXX XXXXXX 4"/> <w:LsdException XXXXXX="false" Priority="73" SemiHidden="XXXXX" XXXXXXXXXXXXXX="false" XXXX="XXXXXXXX XXXX XXXXXX 4"/> <w:XXXXXXXXXXXX Locked="false" Priority="60" XXXXXXXXXX="false" XXXXXXXXXXXXXX="false" XXXX="XXXXX Shading Accent 5"/> <w:XXXXXXXXXXXX Locked="XXXXX" XXXXXXXX="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" Name="Light XXXX XXXXXX X"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="XX" XXXXXXXXXX="false" XXXXXXXXXXXXXX="false" Name="XXXXX XXXX Accent X"/> <w:LsdException Locked="XXXXX" XXXXXXXX="XX" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="XXXXX" Name="XXXXXX XXXXXXX X XXXXXX X"/> <w:LsdException Locked="XXXXX" Priority="XX" SemiHidden="false" UnhideWhenUsed="false" Name="XXXXXX XXXXXXX 2 XXXXXX X"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="XX" XXXXXXXXXX="false" XXXXXXXXXXXXXX="XXXXX" Name="Medium XXXX 1 XXXXXX 5"/> <w:XXXXXXXXXXXX Locked="false" Priority="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="XXXXX" Name="XXXXXX XXXX X XXXXXX X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" XXXXXXXX="XX" SemiHidden="XXXXX" UnhideWhenUsed="XXXXX" XXXX="XXXXXX XXXX X Accent 5"/> <w:LsdException XXXXXX="XXXXX" Priority="68" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" Name="Medium Grid 2 XXXXXX 5"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="XX" SemiHidden="false" UnhideWhenUsed="false" Name="XXXXXX XXXX 3 Accent 5"/> <w:LsdException Locked="false" XXXXXXXX="70" SemiHidden="false" XXXXXXXXXXXXXX="false" XXXX="Dark List XXXXXX X"/> <w:LsdException XXXXXX="false" Priority="XX" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="false" XXXX="Colorful Shading XXXXXX 5"/> <w:XXXXXXXXXXXX Locked="XXXXX" Priority="72" XXXXXXXXXX="XXXXX" UnhideWhenUsed="XXXXX" XXXX="Colorful XXXX XXXXXX 5"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" Name="Colorful Grid Accent X"/> <w:XXXXXXXXXXXX Locked="XXXXX" XXXXXXXX="XX" SemiHidden="XXXXX" XXXXXXXXXXXXXX="false" Name="Light XXXXXXX XXXXXX 6"/> <w:LsdException Locked="false" Priority="61" SemiHidden="false" XXXXXXXXXXXXXX="false" Name="XXXXX XXXX XXXXXX X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="62" SemiHidden="XXXXX" UnhideWhenUsed="false" Name="XXXXX Grid XXXXXX X"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="XX" XXXXXXXXXX="XXXXX" UnhideWhenUsed="false" Name="XXXXXX XXXXXXX X XXXXXX 6"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" XXXXXXXX="64" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" XXXX="Medium Shading 2 Accent 6"/> <w:XXXXXXXXXXXX XXXXXX="false" XXXXXXXX="XX" SemiHidden="false" UnhideWhenUsed="XXXXX" Name="Medium XXXX X Accent 6"/> <w:XXXXXXXXXXXX Locked="false" XXXXXXXX="66" SemiHidden="XXXXX" UnhideWhenUsed="XXXXX" XXXX="Medium List X Accent X"/> <w:LsdException Locked="XXXXX" XXXXXXXX="XX" SemiHidden="XXXXX" XXXXXXXXXXXXXX="false" Name="Medium Grid 1 Accent 6"/> <w:XXXXXXXXXXXX XXXXXX="false" XXXXXXXX="XX" XXXXXXXXXX="false" XXXXXXXXXXXXXX="false" Name="Medium Grid 2 Accent X"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" XXXXXXXX="69" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" XXXX="XXXXXX XXXX 3 Accent X"/> <w:LsdException Locked="XXXXX" XXXXXXXX="70" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" XXXX="XXXX XXXX Accent 6"/> <w:LsdException Locked="false" Priority="XX" SemiHidden="XXXXX" UnhideWhenUsed="XXXXX" Name="Colorful XXXXXXX XXXXXX 6"/> <w:LsdException XXXXXX="false" Priority="72" SemiHidden="XXXXX" UnhideWhenUsed="XXXXX" XXXX="Colorful List Accent 6"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" Priority="73" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="XXXXX" XXXX="Colorful XXXX XXXXXX X"/> <w:LsdException Locked="XXXXX" Priority="19" XXXXXXXXXX="false" UnhideWhenUsed="XXXXX" QFormat="true" Name="Subtle XXXXXXXX"/> <w:LsdException Locked="false" Priority="XX" XXXXXXXXXX="false" XXXXXXXXXXXXXX="false" XXXXXXX="true" Name="Intense XXXXXXXX"/> <w:XXXXXXXXXXXX XXXXXX="XXXXX" XXXXXXXX="XX" SemiHidden="false" XXXXXXXXXXXXXX="false" XXXXXXX="XXXX" Name="XXXXXX Reference"/> <w:LsdException Locked="false" Priority="32" SemiHidden="XXXXX" XXXXXXXXXXXXXX="XXXXX" QFormat="XXXX" XXXX="Intense Reference"/> <w:LsdException XXXXXX="XXXXX" Priority="33" XXXXXXXXXX="XXXXX" XXXXXXXXXXXXXX="XXXXX" QFormat="true" Name="XXXX XXXXX"/> <w:XXXXXXXXXXXX Locked="XXXXX" XXXXXXXX="37" Name="Bibliography"/> <w:LsdException XXXXXX="XXXXX" XXXXXXXX="39" XXXXXXX="true" Name="TOC XXXXXXX"/> </w:XXXXXXXXXXXX> </xml><![XXXXX]--><!--[XX gte XXX XX]> <style> /* Style XXXXXXXXXXX */ table.MsoNormalTable {XXX-style-XXXX:"XXXXX XXXXXX"; XXX-tstyle-XXXXXXX-XXXX:X; mso-tstyle-XXXXXXX-size:X; mso-style-XXXXXX:XXX; XXX-style-priority:XX; XXX-style-parent:""; mso-padding-XXX:0in 5.XXX 0in X.XXX; mso-para-margin-top:XXX; mso-XXXX-XXXXXX-XXXXX:0in; mso-para-margin-bottom:12.XXX; mso-XXXX-margin-left:0in; XXXX-height:XXX%; mso-pagination:widow-orphan; font-XXXX:12.0pt; XXX-bidi-font-XXXX:XX.XXX; XXXX-XXXXXX:"XXXXX XXX Roman","serif";} </style> <![XXXXX]--></p> <p class="XXXXXXXXX" style="margin-bottom: .0001pt;"><strong style="mso-XXXX-XXXX-XXXXXX: normal;">X>National Defense XXXXXXXX</strong></p> <p class="XXXXXXXXX" style="XXXX-XXXXXX: 115%;">XXXXXXXX Defense argument is XXX XXXXX XXXXXXXXXXX argument XXXXX says XXXX trade XXXX certain XXXXXX XXX XXXXXXX goods XXXXXX XXX be XXXXXXX out. This XX XXXXXXX XXX XXXXX XXXXXX XX XXXXXXX and may XXX XXXX XXXX XXX XXX XXXXXXX other than XXXXXXXXXX XXXXXX. XXXX may XXXX to a XXXXXXXXX XXXXX the selling country’s XXXXXXX and/or internal stability XXX XXXXXXXXXX. An XXXXXXX is XXX restriction against selling XXXXXXXXX for XXXXXXXX XXXXXXX XX the refined Uranium can be XXXX XX XXXX XXXXXXX warheads.</p> <p class="XXXXXXXXXXXXXXXX" style="margin-XXXX: XXX; XXX-add-space: auto;"><XXXXXX style="mso-bidi-XXXX-XXXXXX: normal;">X>XXXXXXXXX Industry XXXXXXXX</strong></p> <p class="MsoNormal" style="line-XXXXXX: XXX%;">The XXXXXXXXX Industry Argument XX XXX argument that once foreign made imported goods are XXXXXXX XXXX the XXXXXXXX market under XXXX XXXXX, the XXXXXX of XXXXX will far XXXXXX their XXXXXX, XXXXX will XXXX XX XXXX in XXXXXX, the extent XX fall XXXXXXXXX XXXX XXX elasticity of XXX particular XXXX. XXXXXXXX XXXXXXXXXX XXXX XXX be able to XXXXX XXXXX products XX prices XXXXXXXXXXX enough because XX relatively XXXXXXXXX XXXXX, XXXXXXXXXXXX XXXXXXX costs, XXX. <span style="mso-spacerun: XXX;"></span>XXXX will XXXXXXXXX result in XXX XXXXXXXX XXXXXXXXXX XXXXXXX XXXX or XXXXXXXXXXXX, or in other XXXXX, a decline of XXXXXXXXXX XXXXXX in that particular segment. The XXXXXXXX of the XXXXXXXX inexpensive, unbranded toys market XX dirt cheap XXXX XXXX China is an example of the Declining Industry argument.</p> <p XXXXX="XXXXXXXXX" style="line-height: 115%;"><strong style="mso-bidi-font-XXXXXX: XXXXXX;">3>Infant XXXXXXXX XXXXXXXX</XXXXXX></p> <p XXXXX="MsoNormal" style="XXXX-XXXXXX: 115%;">The Infant Industry Argument argues that a start-XX XXXXXXXX XXXXXX XXXXXXX XXXX XXXXXXXXXXX outside competitors, similar XX an infant being XXXXXX XX XXXXXXX with an XXXXX. The XXXXXXXXXXX XXXXXXXXXX have so designed XXXXX operations XX get the XXXXXXX XXXXXXX XXXX XXX economics of scale; XXX XXXXXXXXXX XXX the most XXXXXXXXX XX XXXXXXX the XXXXXXXXXX in XXX place of XXXXXXXXXXX, etc. To XXXXXXX against XXXXX established industries, XXX new start-XX industries require XXXX XXXX during XXXXX they XXXX XX XXXXX XXXXXXXXXX. XXXXXXXXX, for a pre-XXXXXXX XXXXXXX period, XXXXX industries XXXX XX XX protected (high XXXXXX duties, tax concessions XX the startup, etc.). Indian XXXXXXXXXX used to be protected before the XXXXXX XXXXXXX was made XXXX. This XXXXXXXXXX XXXX to be in the XXXX of <strong style="XXX-bidi-font-weight: normal;">a XXXX XXXX XXX XXXXXXX</XXXXXX>.</p> <p XXXXX="XXXXXXXXX" style="XXXX-XXXXXX: XXX%;">XXXXXX to Q10:</p> <p class="MsoNormal" style="XXXX-XXXXXX: 115%;">XXX trade protection arguments suffer overall XXXX fallacies in XXXXX. XXX XXXX XXXXXX in XXXXX XX XXXX XXXXX are XX XXXXXXX:</p> <p class="XXXXXXXXXXXXXXXXXXXXXXXXX" style="text-XXXXXX: -.XXXX; line-XXXXXX: XXX%; XXX-list: l0 level1 lfo1;"><span style="XXXX-family: XXXXXX; mso-fareast-font-family: Symbol; mso-XXXX-font-family: XXXXXX;"><span style="mso-list: XXXXXX;">Images Not Shown<span style="font: X.0pt Times New XXXXX;"> </span></span></span>Jobs may XX lost by XXXXXXX imports but at the same time, the XXXXXX procedures XXX process XXXXXX much more jobs than the lost XXXX. These XXXXXXX XXXX are in fields such XX transportation, XXXXXXXXX, XXXXXX, XXXXXXXXXXXX, XXX finance, XXX in a myriad XX other XXXXXXXXXX. The XXXXXXXX goods XXXXX have to XX XXXXXXXXXXX, XXXXXX, XXXXXXXXX, XXXXXXXXXXX, wholesale XXXXXXXX XXX XXXXXXX retail XXXX purchase XXX use of XXX US Consumer.</p> <p XXXXX="XXXXXXXXXXXXXXXXXXXXXXXXXX" style="text-indent: -.25in; XXXX-height: 115%; XXX-XXXX: XX level1 XXXX;"><span style="font-XXXXXX: Symbol; XXX-XXXXXXX-XXXX-family: XXXXXX; XXX-bidi-XXXX-family: XXXXXX;"><span style="mso-XXXX: Ignore;">Images Not Shown<span style="font: 7.XXX Times XXX Roman;"> </span></span></span>Countries should import XXXXX where XXXX XXXX leading XXXXXXXXXXX advantages and not XXXXX advantage. The XXXX and money spent on XXXXXXXXX XXXXX with a XXXXX advantage, if spent XXXX XXXXXXXXX XXXXX with a comparative XXXXXXXXX, XXXX result in more production of XXX XXXXXX, more XXXXXXX XXX more foreign exchange.</p> <p XXXXX="XXXXXXXXXXXXXXXXXXXXXXXX" style="XXXX-indent: -.XXXX; XXXX-height: XXX%; XXX-XXXX: l0 level1 XXXX;"><span style="font-XXXXXX: Symbol; XXX-fareast-XXXX-XXXXXX: XXXXXX; XXX-bidi-font-family: Symbol;"><span style="mso-list: Ignore;">Images Not Shown<span style="XXXX: 7.0pt XXXXX New XXXXX;"> </span></span></span>Protectionism XXXXX XXXXXXXXX XX XXXXXXX and inefficient products. XXXXXXX XXXXXXXXXXX, XXXXX are content making old XXXXXXXXXX XXXXX XXXXXXX XXXXXXXXXX XXXXXXXXXX gaps. XXXX, XXXXXXXXXX and XXXXXXXXXX in manufacturing XXX frequent in the face XX XXXXXXXXXX pressure.</p> <p XXXXX="XXXXXXXXX" style="XXXX-height: 115%;">XXX XXXX scenario where XXXXXXXXXXXXX may XX justified XX in XXXXXXXXX XXXXXXXXX against XXXXX nations, XXXXXXXXX XXXXXXXX XX a XXXXX XX XXXXXXXXXX nations. However, this is XXXX to debate since it XXX XXXX XXXX XXXX XXXXXXX turn rogue XX XXXXXXX of XXXXX XX dictators. XXXXXXXXX XXX XXXXXXXXX XXXX only XXXXX XXXXXXXXX XXX XXX the XXXXXX&XXXXX;s XXXXXXXXX. XX XXXXXXX XX rogue protectionism XX the ‘trade XXXXXXXXX&XXXXX; XXXXXX XX XXX UNSC XXXXXXX Iraq XXXXX XXX XXXXXXXX of Kuwait XX, from 1990 XX XXXX.</p> <p class="XXXXXXXXX" style="line-height: 115%;"></p> <p XXXXX="MsoNormal" style="line-XXXXXX: XXX%;">XXXXXXX 18:</p> <p class="MsoNormal" style="XXXX-height: 115%;">XX) XXXXXXXXXXX XXXXX Balance = Total Exports- Total XXXXXXX</p> <p XXXXX="MsoNormal" style="XXXX-height: 115%;">= $XXX - $2425 =<span style="XXX-XXXXXXXX: yes;"> </span>(-)$2,075 XXXXXXX</p> <p class="XXXXXXXXX" style="XXXX-XXXXXX: XXX%;">XXX Merchandise XXXXX Balance XX $X,075.XX XXXXXXX of XXXXXXX.</p> <p XXXXX="XXXXXXXXX" style="XXXX-height: 115%;">b) Balance of XXXXX & Services is XXX Merchandise XXXXX XXXXXXX XXXX XXXXXXXX XXXXXX XXXX XXXXXXXXXX</p> <p class="XXXXXXXXX" style="XXXX-height: 115%;">= ($XXX + $2,145)-($ X,XXX+$XXX) = (-) $ XXX XXXXXXX</p> <p class="MsoNormal" style="XXXX-height: 115%;">Balance of XXXXX and XXXXXXXX is $XXX billion imports.</p> <p XXXXX="XXXXXXXXX" style="line-XXXXXX: XXX%;"><span style="mso-spacerun: yes;"></span>(c )<span style="mso-XXXXXXXX: XXX;"> </span>Balance XX XXXXXXX account = Balance of Goods & XXXXXXXX + net Income and transfers</p> <p class="MsoNormal" style="XXXX-XXXXXX: 115%;"><span style="mso-tab-XXXXX: X;"> </span>= (-$100) + $221.X = $XXX.50 XXXXXXX</p> <p XXXXX="XXXXXXXXX" style="line-height: 115%;">(d) Financial account XXXXXXX = XXXXXX in XXXXXXX Ownership XX US Assets - XXXXXX in XX Ownership of XXXXXXX Assets</p> <p XXXXX="MsoNormal" style="line-XXXXXX: XXX%;">= $100-$XXX</p> <p class="MsoNormal" style="line-XXXXXX: XXX%;">=(-) $XXX XXXXXXX</p> <p class="XXXXXXXXX" style="line-XXXXXX: XXX%;">XXXXX the US has XXXX XXXXXX XXXX liabilities in XXX XXXXX.</p> <p style="margin-XXX: 0in; XXXXXX-XXXXX: XXX; margin-XXXXXX: 7.5pt; margin-XXXX: XXX; line-height: XX.XXX; background: XXXXX;">(e ) S<span style="XXXXX: #333333;">tatistical discrepancy = Balance on Current Account - XXXXXXXXX Account XXXXXXX</span></p> <p style="margin-XXX: XXX; margin-XXXXX: 0in; margin-bottom: 7.5pt; margin-XXXX: 0in; line-height: 15.0pt; background: white;"><span style="color: #XXXXXX;"><br /> = XXX.X-(-XXX) = XXX.X XXXXXXX</span></p> <p style="XXXX-XXXXXX: 15.0pt; background: XXXXX;"><span style="color: #XXXXXX;">X.</span> <span style="color: #333333;">a. <XXXXXX style="XXX-XXXX-font-weight: normal;">X Hong Kong XXXXXXXXX buys some X.S. corporate XXXXX</XXXXXX></span></p> <p style="XXXX-XXXXXX: XX.0pt; XXXXXXXXXX: XXXXX;"><span style="color: #333333;">XXXXXX Account (Cr): XXXXXX in Foreign XXXXX Assets in XX </span></p> <p style="line-height: 15.0pt; XXXXXXXXXX: XXXXX;"><span style="color: #XXXXXX;">XXXXX XXXXXXX(Dr): Net Income XXX Net Transfers</span></p> <p style="XXXX-height: 15.XXX; background: XXXXX;"><XXXXXX style="mso-bidi-font-weight: XXXXXX;"><span style="color: #333333;">b. A U.S. tourist in Paris XXXX XXXX perfume XX take XXXX<span style="XXX-tab-count: 1;"> </span></span></XXXXXX></p> <p style="line-height: XX.XXX; XXXXXXXXXX: XXXXX;"><span style="XXXXX: #333333;">Cr: XXX XXXXXX XXX XXX Transfers</span></p> <p style="XXXX-XXXXXX: XX.0pt; XXXXXXXXXX: XXXXX;"><span style="color: #333333;">XX: XXXXXXXXXXX Imports</span></p> <p style="line-height: XX.0pt; XXXXXXXXXX: XXXXX;"><XXXXXX style="mso-XXXX-font-XXXXXX: normal;"><span style="color: #333333;">c. A XXXXXXXX company XXXXX XXXXXXXXX to a pineapple company in Hawaii</span></XXXXXX></p> <p style="line-XXXXXX: 15.0pt; XXXXXXXXXX: white;"><span style="XXXXX: #333333;">Cr: XXX Income and Net XXXXXXXXX</span></p> <p style="line-height: XX.0pt; XXXXXXXXXX: white;"><span style="XXXXX: #XXXXXX;">Dr: Merchandise Imports</span></p> <p style="line-XXXXXX: 15.0pt; background: XXXXX;"><strong style="XXX-XXXX-font-XXXXXX: normal;"><span style="color: #333333;">d. X.S. XXXXXXX XXXX food XX starving XXXXXXXX in XXXXXXXX</span></XXXXXX></p> <p style="line-XXXXXX: XX.0pt; background: white;"><span style="XXXXX: #XXXXXX;">Not applicable as this is not a trade.</span></p> <p style="XXXX-height: XX.0pt; XXXXXXXXXX: XXXXX;"><XXXXXX style="mso-bidi-XXXX-weight: XXXXXX;"><span style="XXXXX: #XXXXXX;">e. XXX U.S. XXXXXXXX XXXXX a XXXX XX a Saudi XXXXXXX prince</span></strong></p> <p style="XXXX-height: XX.0pt; background: white;"><span style="XXXXX: #XXXXXX;">Cr: Change in XXXXXXX XXXXX Assets in US</span></p> <p style="XXXX-XXXXXX: XX.XXX; background: XXXXX;"><span style="color: #XXXXXX;">Dr: <span style="XXX-spacerun: yes;"></span>Net XXXXXX and Net XXXXXXXXX</span></p> <p style="line-XXXXXX: 15.XXX; XXXXXXXXXX: XXXXX;"><strong style="mso-XXXX-XXXX-weight: XXXXXX;"><span style="color: #XXXXXX;">f. A X.S. tourist flies to XXXXXX on Air France</span></XXXXXX></p> <p style="line-XXXXXX: 15.0pt; background: XXXXX;"><span style="color: #XXXXXX;">Cr: XXX Income XXX XXX Transfers</span></p> <p style="XXXX-height: 15.XXX; XXXXXXXXXX: white;"><span style="color: #XXXXXX;">XX: <span style="XXX-spacerun: yes;"></span>XXXXXXX Imports</span></p> <p style="XXXX-height: XX.0pt; XXXXXXXXXX: XXXXX;"><strong style="mso-bidi-font-weight: normal;"><span style="color: #333333;">g. A U.S. XXXXXXX XXXXX XXXXXXXXX to a foreign XXXX</span></XXXXXX></p> <p style="line-XXXXXX: XX.XXX; background: white;"><span style="XXXXX: #333333;">Cr: Export XX XXXXXXXX</span></p> <p style="margin-top: XXX; margin-right: XXX; margin-XXXXXX: 7.XXX; XXXXXX-XXXX: XXX; XXXX-XXXXXX: 15.0pt; background: XXXXX;"><span style="XXXXX: #333333;">XX: XXX Income and Net Transfers</span></p> <p style="XXXXXX-top: XXX; XXXXXX-right: XXX; XXXXXX-bottom: 7.5pt; margin-XXXX: XXX; text-align: center; line-XXXXXX: XX.0pt; background: white;" XXXXX="center">***********</p>">
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