Trading/ keynesian economics and supply side economists, economics, Microeconomics

1) Describe (with an example) how trading can lead to an increase in world output if countries specialize in the good in which they have a comparative advantage. How does the introduction of tariffs and quotas lead to a reduction in domestic total welfare.

2) Describe the main differences between Keynesian Economics and Supply Side economists. Discuss how the two schools of though differ on the effectiveness of and fiscal/monetary policy to increase Real GDP.
Posted Date: 3/8/2012 2:38:26 PM | Location : United States







Related Discussions:- Trading/ keynesian economics and supply side economists, economics, Assignment Help, Ask Question on Trading/ keynesian economics and supply side economists, economics, Get Answer, Expert's Help, Trading/ keynesian economics and supply side economists, economics Discussions

Write discussion on Trading/ keynesian economics and supply side economists, economics
Your posts are moderated
Related Questions
Q. Explain about Employment Rate? Employment Rate: This measures share of working age adults who are in fact employed in a paying position. Employment rate can be a better in

Why short run average cost curve is ‘U’ shaped


Short run production period and long run production period: The short run is a period of production during which some factors of production are fixed and some too are variable

During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr

In a small rural town, 150 people would like to be employed (this is the supply of labor). In order to make profits, capitalists hire some of these workers to produce grain. Those

what is budget line?show the shift in the budget line

Essentials of Development Administration  Development administration, to be effective and efficient, needs to have the following ingredients:  Administrative Innovation:

i want an application on indifference curve of a specific firm? can i get it easily?

Revenue and Profit Maximization: Whenever a good is produced, the individual firm which has produced incurs costs which are are referred to as private costs and the society in