A senator renounces his past support for protectionism: "The U.S. trade deficit must be reduced, but import quotas only annoy ou
r trading partners. If we subsidize U.S. exports instead, we can reduce the deficit by increasing our competitiveness."
Show the effect of an export subsidy on the market for foreign exchange.
The value of dollars in the market for foreign-currency exchange.....falls or rise.... as a result of this export subsidy.
True or False: The export subsidy reduces the trade deficit.
Show the effect of an export subsidy on the market for foreign exchange.
The value of dollars in the market for foreign-currency exchange.....falls or rise.... as a result of this export subsidy.
True or False: The export subsidy reduces the trade deficit.
1 answer:
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Answer:
x1 + x2 + x3 + x4 + x5 + x6 + x7
Explanation:
Formulating the problem as an LP
Attached below is an AOA diagram and the completion time of each task is indicated in the diagram, The diagram was based on the conditions given for the completion of each task accordingly.
To complete the project as early as possible we will have assume
x1, x2, x3, x4, x5, x6, and x7 to be the times taken to complete each node
hence the earliest time taken to complete the project
= x1 + x2 + x3 + x4 + x5 + x6 + x7
when : x2 - x1 ≥ 3
x3 - x2 ≥ 2
x4 - x2 ≥ 2
x5 - x3 ≥ 3
x6 - x3 ≥ 3
x7 - x5 ≥ 1
x7 - x6 ≥ 1
also : x1, ............ , x7 ≥ 0
