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Q1. In your opinion, in your own words should the United States lead globally? Explain why or why not?
If yes, Illustrate factors combine to contribute to the appropriateness of the U.S. which is leading the world?
If no, Illustrate factors combine to contribute to the inappropriateness of the U.S. which is leading the world?
Q2. Which resource of production is the only one which nations can significantly increase in the short term?
Q3. If mpc=.75 and government decreases taxes by 10 billion, find the tax multiplier and then Find out the expected change in real GDP.
What is your thought about tracking the U.S. Economy and Unemployment and Inflation.
Can you offer another reason why the New Jersey dealer might not have wished to follow a no-haggling policy.
Government data that computes averages, such as the consumer price index, are applicable to everyone.
If the economy was working at full-employment equilibrium, illustrate the state of equilibrium after the fall in consumer confidence.
Explain how the circular flow diagram relates to the current economic situation.
If this price floor is implemented, how many units of pork will the government are forced to buy to keep the price at $2.25.
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
Assume that we care about the average welfare of individuals in Indian villages, i.e., we put equal weight on each individual's utility.
Suppose the entire civilian labor force is 20,000 people and the number of unemployed is 2,000 people.
Conditions that exist when they shut down their operations and the conditions that exist when they resume their operations.
Explain the logic of the Ricardian view of government debt and evaluating its practical relevance.
What are some examples of behavior that at one time wire victimless crimes that are no longer criminal.
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