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Provide two arguments-one for and one against-requiring people to undergo testing to find out if they have this gene before a company agrees to provide life ins
List five ways you are affected on a daily basis by government intervention in the market. For what reason might government be involved?
If consumers have a right to know, should labels inform them of other drugs, such as antibiotics, normally given to cows?
Why will a country do better importing or exporting a good for which it has a comparative advantage? Why?
Explain how, with trade, Nebraska can end up with 40 million bushels of wheat and 120 million bushels of corn while Iowa can end. How much would the trader get?
How much of the gains from trade are given to the countries involved in the trade? Why do smaller countries usually get most of the gains from trade?
What are some reasons why a small country might not get the gains of trade? Which country would you have produce which good?
What are four reasons why economists' and laypeople's view of trade differ? Wages in China are lower than those in the United States.
How does the outsourcing of manufacturing production benefit production in the United States?
How does outsourcing affect the bargaining power of U.S. workers and the bargaining power. What will it likely do to the overall level of U.S. workers' wages?
What argument can you give that supports this claim? What argument can you give that disputes this claim? (Austrian and Post-Keynesian)
From the standpoint of adjustment costs to trade, which would a country prefer-inherent or transferable comparative advantage? Why?
The dollar price of the South African rand fell from 29 cents to 22 cents in 1996. Explain why the turmoil led to a decline in the price of the rand.
How does a depreciation of a currency change the price of imports and exports? Explain using the U.S. dollar and the Chinese yuan.
Why would you expect the resource curse to improve or worsen the distribution of income in a country?
If such syncretism (adoption of foreign practices and beliefs) is inevitable with increased globalization, should trade be encouraged, even today?
Was Ricardo's advice self-serving? Why would you have advised 19th-century Portugal to specialize in wine making?
How is outsourcing to China and India today different from U.S. outsourcing in the past?
How does considering trade in the broader cultural context change one's analysis? Should the law of one price hold for labor also? Why or why not?
What does this insight into economic history suggest about the doctrine of free trade and whose interests it serves? (Radical)
Who has benefited most from free trade? Who has been hurt most by it? Which group do economists align themselves with? Why? (Post-Keynesian).
I invariably reach this one conclusion: The solution to the problems of human relationships is to be found in liberty. What is problematic with this view?
Federic Bastiat wrote that government is the great fiction through which everybody endeavors. Is this a correct way to understand the fight about tariffs?
Why would a country want to be a most-favored nation? Why might it not want to be a most-favored nation? What is the relationship between GATT and WTO?
Why would a country have trade assistance programs? What makes them difficult to implement?