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Allowing free trade between countries can be beneficial, but it also imposes costs. Discuss aspects of free trade that some may consider unfair. For example:a. Distribution of costs and benefits of free trade. In other words, does everyone share in the gains and costs equally?b. Competing with different labor restrictions (or lack thereof), such as slave or child labor.c. Differences in environmental standards.
Trade between the United States and another country in any one of the following areas: customer support services, garments, medical services, or technical products. Discuss these points:a. How is this trade arrangement beneficial? explain.b. Are there any aspects of this trade arrangement that may be considered unfair, i.e. labor conditions or environmental conditions?c. Discuss a possible solution for minimizing harms mentioned in part b.
Why might it be difficult for the Fed to formally adopt inflation targeting? Would inflation targeting be a good policy for the Fed in the present economic environment
In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?
Describe the present economic crisis situation in Europe. Why has it been so difficult for the Europeans to find a solution to this problem? Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..
Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.
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Problem based on Utility Function - Problem, Answer and explain the following using a diagram which is completely labeled.
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Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."
Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.
How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.
Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?
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