economics DQ

Anonymous
timer Asked: Dec 18th, 2018
account_balance_wallet $10

Question description

Please answer the following question with at least a 100 word response:

  • What is the time value of money and how can compound interest be used to calculate the present value of any future amount of money?

What is the validity of the most frequently presented arguments for protectionism?

What are the economic effects of tariffs and quotas?

What is the balance sheet the United States uses to account for international payments made/paid and for international payments received?

Tutor Answer

AntiqueTutorNatal
School: UC Berkeley

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2
ECONOMICS
1. Time value of money is the concept used to explain the fact that money accessible at the
present time is more valuable than the same amount in the future because of potential
earning capacity. This is because money at hand can be used in other investments to
produce more money. Compound interest can be used to calculate the present value of
future money by determining the amount to which an investment will grow in the future.
To determine the future worth of curren...

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Anonymous
Only issue was the guy's response time which was a bit long, which made me a bit anxious. Reached out to the help desk and they helped me out, turns out the tutors aren't all from US which meant there was a time difference. No issues on the quality.

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