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How do they differ from the advocacy for adopting passive rules of economic policy? Give real world examples in your answers in the context of US economy.
Describe some of the comparative advantages we have over the UK and China. How do these comparative advantages affect the types of jobs we outsource?
Since Ester Boserup's critique, have agriculture development techniques improved? How closely do the current ways resemble her proposed approaches?
The Big Mac Index was originally presented somewhat jokingly. Why do you think the Big Mac index turns out to be pretty successful after all?
Explain the impact of the new fiscal policy actions on individuals and businesses within the economy.
What are the implications of stagflation for business and policy makers. Briefly explain how the economy would adjust back to potential GDP in the long run.
Assume the final exchange rate for the Mexican peso is $0.05. Calculate the exchange rate for the dollar in terms of the peso.
Based on what you have read in this class so far, how would you describe the study of economics to a friend who asked you about it?
How does price discrimination benefit people who may have to travel economy with their wife and two children in comparison to a single man flying business class
Explain to President Drump how the Fed is structured and why this means he is unlikely to quickly force his will on them.
What are the political economy and public choice ramifications of this massive expansion and widening of power (by the Fed itself) for the future of the Fed?
Suppose oil prices jumped, how would that effect the US economy over the next year (from October 2022 to October 2023)?
This is a significant real negative shock to the economy. Explain the dilemma the Fed faces on using monetary policy to deal with this real shock.
Identify the factors that determine US exports and imports and explain why currency markets are relevant to exports and imports.
What are some of the arguments on both sides? What is the difference between a structural deficit and a cyclical deficit?
Using the information about unemployment, inflation, and trade, what is your general assessment of the country?
Regional success is dependent on a number of factors. How can they ensure continued success in adapting to their specific climate related challenges?
Wilson has been producing tennis racquets since 1948 and continues to implement strategies. Under what conditions could collusion be profitable? Explain.
What are some reasons that unconditional convergence has not been observed in the real world, apart for a small sample of OECD countries over a short time span?
Suppose that IBM has a beta of 1.31. What is the maximum daily loss for the IBM stock?
Suppose you bought a stock at the beginning of the year for $76.50. What is the total percentage return from investing in that stock over the year?
Write down the maximization problem used to derive this rule and interpret both the objective and constraint(s).
Describe how the coronavirus impacted 5 macroeconomic aspects of life. Should the government use monetary or fiscal policy to get us out of this recession?
What do you expect the outcome to be from your actions? Approximately how long do you anticipate for the actions to make an impact?
Define money and discuss its three basic functions. Distinguish between commodity money and fiat money, giving examples of each.