Econ Assignment Essay Example | Topics and Well Written Essays - 1000 words

Econ Assignment - Essay Example The fall in income earned by the consumers in the U.S. could be viewed as its impact on the current account. It is estimated that almost 10% of every Dollar spent by U.S. customers is on purchase of imported goods (Kaplan) however as the income falls in the U.S. the customers demand for imported goods will surely be affected. As consumers spend less on goods and services the proportion they spend on imports will reduce. The effect would be rising current account surplus and positive balance of payments. If the inflation in the foreign country increases it will have an upward effect on the cost of production in that country and making its exports to the U.S. more expensive than its imports. This suggests that U.S. consumers would end up paying more for imported goods that will provoke them to switch over to less costly goods produced domestically (Kaplan). This can also have a reverse effect on the U.S. exports thereby increasing the current account surplus with that country in the short run till inflation remains comparatively higher in the foreign country. The interest rate fall in the U.S. has its impact on the capital account of the country. The decline in interest rates in the U.S. implies the reduction in the return on savings and relative return in the financial markets of the U.S. This suggests that foreign investors will be reluctant to invest in the financial markets who will be seeking greater returns in other foreign markets. This makes the local financial markets unattractive and may lead to outflow of funds through capital markets. The exchange rate is the relative price of a currency against other currencies. The exchange rate is typically driven by the demand and supply of the currency. As consumers will use less of the local currency due to fall in their income it suggests a lower demand for it as less money will be spent on imported goods and services therefore its supply dampens. The net result is decline in the exchange rate against

Prejudice Assignment Example | Topics and Well Written Essays - 250 words - 1

Prejudice - Assignment Example The book Sky Burial is indeed a captivating novel of all time, considering the manner in which the story of Wen develops. After just a few months of marriage, Wen’s husband is taken by the Chinese army into Tibet in an urge to unify the Tibet and China. Information later comes that Wen’s husband had been killed, but little details is given on the same. Wen is then forced to go to Tibet in search of her husband after joining the army. However, she is later separated from the regiment, a point in which she wanders in trying to find her way out, with the only help coming from a group of nomads. With the assistance of the nomads, Wen journeys from place to another until she finally comes to discovering the whole truth surrounding the death of her husband. Xinran in writing the book; recreates the journey that Wen underwent, incorporating the instances of emptiness and silence that Wen underwent in an urge to find her love. It is based on such a perspective that the book has been assigned in comparing the real story and how Xinran develops it in the