China has had an overall trade surplus in recent years. Economists suggest that this continuing phenomenon is due to several things, including an inappropriate exchange rate. How would a Mercantilist view this surplus? Why might David Hume argue that the surplus will disappear on its own?

Draw a flowchart for a process of interest to you, such as a quick oil-change service, a factory process you might have worked in, ordering a pizza, renting a car or truck, buying products on the internet, or applying for an automobile loan. identify the points where something (people, information) waits for service or is held in work-in-process inventory, the estimated time to accomplish each activity in the process, and the total flow time. evaluate how well the process worked and what might be done to improve it.