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Explain why intermediate goods and services usually are not included directly in GDP. Are there any circumstances under which they would be included directly?
Compare and contrast what the leading indicators in the two countries are forecasting.
Case Study: GDP and The State of the USA. Is The State of the USA designed to replace GDP as the primary measure of economic performance?
The health expenditure component of the GDP price index has been rising steadily. How might this index be biased by quality and substitution effects?
Explain why net inventory increases are counted as part of GDP. Discuss why it is not sufficient to measure the level of inventories only for the current year.
The Meaning of Full Employment When the economy is at full employment, is the unemployment rate at zero percent? Why or why not?
In addition, because of the improving economic conditions, the labor force increases by 200,000. Would the unemployment rate go up or down?
Does the overall unemployment rate provide an accurate picture of the impact of unemployment on all U.S. population groups?
International Comparisons of Unemployment- How has the U.S. unemployment rate compared with rates in other major economies?
Choose one article about a foreign country and write an analysis of the underground economy there.
On the Results page, go to the Global Viewpoints Section. Read the editorial Global Public Goods and Health. What is a global public good?
The motivation behind campaign finance reform was to limit the influence of special interests. In what sense could that legislation have the opposite effect?
Bureaucracy and Representative Democracy How do the incentives and feedback for government bureaus differ from those for profit-making firms?
Consumers treat air travel like a commodity and meals on airlines are nonexistent. Does this mean that consumers have suffered because of airline deregulation?
Compare and contrast the public-interest and specialinterest theories of economic regulation. What is the capture theory of regulation?
What is the regulatory dilemma? That is, what trade-offs do regulators have to consider when deciding how to control a natural monopoly?
Business Behavior and Public Policy Define market power, and then discuss the rationale for government regulation of firms with market power.
Choose an article published in the most recent two years. Explain how the article illustrates the concept of moral hazard.
Is this consistent with the concepts of the median voter and rational ignorance discussed in this chapter?
Choose one article and analyze whether it is in favor of or opposed to government regulation. Summarize the article's arguments.
Read the article Obama Aide Is Aiming to Tighten Law on Antitrust. What does this article reveal about the role of politics in setting antitrust policy?
What was the government's argument in the Microsoft trial and what was the company's defense? Which side prevailed?
Competitive Trends in the U.S. Economy William Shepherd's study of U.S. industries showed a clear increase in competition., How did Shepherd explain this trend?
How much would the interest be if you pay only the minimum (you would be charged interest on the entire balance if you don't pay it all)?
Instead, you could put off buying a car until you save enough to pay cash. What factors should you consider when you make your choice? Explain your answer.