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Which one do you feel is most important to you and why? Of the three functions which one do you feel is most important to the U.S. economy and why.
What is the impact of economic concepts in the u.s constitution on contemporary economic issues and policies?
Why do Stossel and Mackey believe business has lifted people out of poverty? Explain why you agree or disagree with them.
Assume you are a U.S. citizen and currently you can exchange $180 (USD) for 125 GBP (British Pounds). What is the indirect quote relating the USD to the GBP?
Graph the demand for dollars and supply of dollars against the exchange rate. What is the value of the equilibrium exchange rate?
Do governments and companies in developed countries have an ethical responsibility to contribute to economic growth and social development in developing countri
If you had a business exporting goods to Japan, and U.S. inflation fell as discussed above in this example, would you plan to expand production or cut back?
What foreign country do you plan to target? How will you sell the product in that country? (i.e., Through a distributor? By mail?)
What is the Federal Funds Interest rate? if the Fed wants to use open market operations to lower the federal funds rate, what action should it take?
What is the regionalization/localization strategy? How does it differ from globalization?
What are the three main aggregate supply factors that determine a nation's potential (or full-employment) level of real output?
When was the Federal Reserve created and for what purpose? How does the Federal Reserve manipulate our economy to foster economic growth?
What are the different phases that a Drug Company goes through in order to bring a new drug product to market in the U.S. and Europe?
What tariff policy is in place for automobile manufacturers? Compare the automobile industry to the two industries you chose to research.
Explain why the aggregate demand curve slopes down. How is the U.S. national economy different from those of other nations?
Compute the value of the Keynesian tax multiplier. Give the amount of the change in the equilibrium level of Real GDP due to a $6 increase in lump-sum taxes.
What is the value of the average propensity to save at $400 real GDP? What is the value of the marginal propensity to consume?
How large is the annual mortgage payment? How much interest has been paid on the mortgage?
Explain the changes in the supply and demand creating a supply and demand curve based on the above information
Why does the consumer price index exaggerate the inflation rate? Discuss the limitations of national income accounting.
Give examples on how the definition of unemployment rate overstates or understates the number of jobless people in the economy.
Find an example of the current spending/proposals by the govt and discuss whether this is complete or partial crowding out.
In what ways can fiscal policy affect aggregate supply? How do automatic stabilizers differ from discretionary fiscal policy tools?
Write a paper using a real world experience in a free market to describe a change that occurred in supply or demand as a result of world events.
Calculate the short and long run price elasticity's of the demand for cigarettes. Is demand more or less elastic in the long run than in the short run?