Trade deficits and j-curve adjustment paths. assume the united states has the following import/export volumes and prices. it undertakes a major "devaluation" of the dollar, say 16 % on average against all major trading partner currencies. what is the pre-devaluation and post-devaluation trade balance? initial spot exchange rate, $/fc 1.97 price of exports, dollars ($) 19.9900 price of imports, foreign currency (fc) 10.3100 quantity of exports, units 150 quantity of imports, units 170 percentage devaluation of the dollar 16.00

An attorney came to work on a saturday. when he signed in, he was advised by the morning security guard employed by the building management that he must be out of the building by 5 p.m., when it closes. however, he stayed past 5 p.m. to complete a brief that had to be filed on monday morning. at 5: 15 p.m., the afternoon security guard set the locks on all the doors of the building and left. because she was in a hurry, she did not check the sign-in sheet to make sure that everyone had signed out, contrary to mandatory procedures. when the attorney tried to exit 15 minutes later, he discovered that the doors were all locked and could not be opened from the inside. he used his cell phone to call for , and a supervisor from the building arrived and let him out shortly thereafter. if the attorney sues the building management for false imprisonment, is he likely to win?