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The KOF Index of Globalization, provided by the KOF Swiss Economic Institute, measures globalization on economic, social, and political dimensions. Provide a brief analysis (not a description) of this index and its ranking using concepts from the text readings. Specifically, how do factors considered in calculating the index reflect globalization? Why do you agree (or disagree) with this calculation? Find the most recent ranking and identify the 5 countries with the lowest and highest Globalization Index. What are the trends or similarities among the countries listed at the top and bottom?
Explain how each of the following actions will affect the level of planned investment spending and unplanned inventory investment. Assume the economy is initially in income–expenditure equilibrium. The Federal Reserve raises the interest rate. There ..
Explain how "discretionary fiscal policy" can be "countercyclical" and can be used to support aggregate demand. Us an AD/AS model to support your answer.
Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $30,000 and $45,000. Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired. ..
Consider a profit-maximizing monopoly pricing under the following conditions. The profit-maximizing quantity is 40 units, the profit-maximizing price is $160, and the marginal cost of the 40th unit is $120.
Review the section on Asch's Research from your textbook. Describe why the individuals in the Asch experiment usually gave the same answer when they probably knew that it was wrong. How do social control and social bonding explain conformity?
Why is the concept of elasticity important? What does it tell economists? Tell whether you would classify automobile production as either elastic or inelastic in the short run and long run. (Keep in mind that we are talking here about supply elastici..
People may appear to use rules of? thumb, as suggested by the assumption of bounded? rationality, even though they may really be behaving in a manner suggested by the rationality assumption if .....
what is the short run equilibrium level of output in this economy.
A group of attorneys, judges and law professionals have collaborated to write a uniform criminal code. The code would create uniformity in criminal law across the United States, defining what constitutes a misdemeanor, what constitutes a felony, how ..
Which of the following ideologies emphasizes liberty on economic issues and traditional values on social issues?
For country Gamma the opportunity cost for producing 1 computer is 10 tons of steel. For country Beta the opportunity cost for producing 1 computer is 6 tons of steel. Which country has the comparative advantage in the production of steel?
Suppose there is a technological change that allows manufacturers to make computers much more cheaply. In fact, the retail price falls by 15% ceteris paribus. if the price elasticity of demand is -0.8, how much does the quantity demanded change?
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