Discuss economic theory related to the quote above

Assignment Help Macroeconomics
Reference no: EM132415048

In a recent Forbes article, author Ken Roberts comments the following regarding international trade data from 2017.

"In the last quarter-century, U.S. exports have grown from $448.16 billion to $1.55 trillion...In that time, the United States has gone from having 86 export categories valued at more than $1 billion in value to having 248 above $1 billion, the final tally for 2017. We have gone from having six of the roughly 1,265 export categories above $10 billion in 1993 to 22 today."

  1. Discuss economic theory related to the quote above. Be sure to include a definition of Labor Force Participation Rate (LFPR) within your discussion.
  2. Provide an example of the changes in labor force participation rates over the last decade.

Reference no: EM132415048

Questions Cloud

What are two ways the federal reserve : Why would they choose this choice of action? What are two ways the federal reserve could successfully complete the task?
What is one approach in combating childhood malnutrition : Read the Childhood Malnutrition Linked to Higher Blood Pressure in Adults article and reflect on the following: What is one approach that you think might be.
Business cycle in the economy : What effect does the business cycle in the economy have on government budget balance? Did we see that effect during the recent downturn in the economy?
What are some of the causes and effects of police stress : What are some of the causes and effects of police stress? How can departments recognize and deal with the stress felt by officers?
Discuss economic theory related to the quote above : Discuss economic theory related to the quote above. Be sure to include a definition of Labor Force Participation Rate (LFPR) within your discussion.
Design database : Design a database using the following information. Using Microsoft Visio 2013, create a complete E-R Diagram in Crow's Foot notation.
Prescription of the appropriate remedy : Diagnose the current health for each of these economies and provide your prescription of the appropriate remedy needed in each instance.
What are your motives for studying the topic : CRJ355 - What topic would you focus on if you could design a social research project without any concern for costs? What are your motives for studying.
Beliefs and ideologies about public policies : Based on your beliefs and ideologies about public policies, would you favor a "hand off approach" or "hand on approach" to combat the recession?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Marginal rate of substitution

When does the marginal rate of substitution (MRS) in an indifference curve equal the ratio of marginal utilities in marginal-utility analysis?

  Explain why a weighted average is more suitable than an

Explain why a weighted average is more suitable than an unweighted average when trying to measure price increases. B. (i) A well known annual book was priced at £17 when published in December 2005.

  Discuss how business process design works

For the Portfolio Project in this course, you will discuss how business process design works. To provide examples of the concepts you will explain, use the company you work for or, if you are not currently employed, any company you choose to resea..

  Compare and contrast the terms income and wealth

The United States is stratified into levels describing individuals' socioeconomic status: upper class, middle class, working class, and poor. Describe each level. Why is the middle class so difficult to define?

  1 truefalseuncertain read the statements carefully decide

1. truefalseuncertain. read the statements carefully. decide whether the statement is true false or uncertain. explain

  Holding fixed his income and the price of food

1. Mr. A spends all his income on food and housing. Holding fixed his income and the price of food, Mr. A spends more on food as housing becomes more expensive. How many of the following statements can we infer from this information alone?

  What are the risks and opportunities of the strategies

What are the risks and opportunities of the strategies followed by Pepsi? of Coca Cola? 3.) How would you respond to Coca-Cola's change in sales policy? How would you ensure Pepsi's board that this response will allow you to remain competitive and..

  Question 1 the international monetary system exchange rate

question 1 the international monetary system exchange rate regimesa currency exchange rates for december 1999-september

  Regarding freedom of expression

What methods can be put into place to ensure a consumer's sensitive data is adequately protected? Regarding freedom of expression, which types are protected and which types are not?

  What is the probability that a person has blue eyes

What would you expect to be the value P(having the trait and blue eyes) if eye color and trait status were independent? C. Which of the following expressions describes the relation- ship between the events A = a person has brown eyes and B = ..

  What will happen to the yield on 10 year treasury bonds

What interest rate would the bank have to charge to earn an expected rate of return on its loan equal to the T-bill rate - what would this indicate about investors expectations of future short term interest rates?

  Concept of profit maximization

In perfectly competitive market a company typically has short run average total cost curve and marginal cost curve of;

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd