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What is meant by our balance of payments? Explain what current account and capital account are. What is the gold standard? How does it work?
How much were our imports, exports, and trade deficit during the last year? Go to www.bea.gov, click on Survey of Current Business.
What would you suggest we do to reduce our trade deficit? We run huge trade imbalances with two countries. Explain the cause of the imbalances.
Explain why globalization is good for the United States. What are the drawbacks of global ization for our economy?
Are you eligible for the Earned Income Tax Credit? How many dollars and cents per hour would a person working a 40-hour week need to work to keep a family?
Compare and contrast the conservative and liberal views of poverty. Practical Application: What steps would you take to cut our poverty rate in half?
There are several theories of the causes of poverty. Why can't a single theory explain all the poverty in the United States?
Discuss the basic determinants of income distribution. What's the difference between the distribution of income and the distribution of wealth?
Which has a higher present value: (a) $100 in 10 years when the interest rate is 2 percent, or (b) $100 in 3 years when the interest rate is 8 percent?
If the interest rate is 10 percent and a dollar will be paid to you in three years, what is the present value of that dollar (to the nearest 10th of a cent)?
Calculate the poverty rates of both nations. Twenty-five percent of Turkey's population is under age 18, 5 million of whom are poor.
Find the nation's (a) balance of goods, (b) balance of services, and (c) balance of trade.
Algeria has a negative trade balance of $7 billion. If it has a positive balance of goods of $10 billion, how much is its balance of services?
If you could buy a market basket of goods and services in the United States. Is the ruble undervalued or overvalued relative to the dollar? by what percentage?
Brazil ran a current account deficit of $55 billion. What is its balance on the capital account? What is the country's current account balance?
Discuss how government policies can influence economic growth. Describe how trade deficits or surpluses can influence the growth of productivity and GDP.
If the CPI rose to 120 by 2004, how much were her real wages that year, and by what percentage had they changed?
If the consumer price index was at 180 in 1995, how much were Ms. Spielvogel's real wages that year, and by what percentage had they changed?
How much will you earn when you graduate? Which college you are attending, your major, and your job skills, you will get an estimate of your future earnings.
If the consumer price index was at 160 in 2006, how much would Mr. Dostievsky's real wages be that year, and by what percentage would they have changed?
What are usury laws? Why do economists hate them? Explain why a dollar today is worth more than a dollar you will have in the future.
Practical Application: Would you consider becoming a payday lender? List the reason why you would and why you would not.
What would be the minimum amount for which you would settle? Explain how you arrived at that figure.
For this assignment, you'll examine at least one of the macroeconomic indicators or policies below within the context of industry you have previously selected.
Draw and discuss a supply-and-demand diagram to explain the increase in coffee prices.