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Geopolitical and cultural conflicts in South Asia increasingly command the attention of the world. Tensions between India and Pakistan, and within both India and Pakistan are significantly dangerous. The recent conflict and violence against the Rohingya muslims in Myanmar killed hundreds of thousands, and many more had to scape into Bangladesh. Beside the four main religions, Islam, Hinduism, Sikhism, and Buddhism, several smaller philosophical and religious groups also add to the cultural diversity in South Asia. Cultural differences often are translated into geopolitical animosity which presents the danger of a possible nuclear war in the region. What role do you think the United States, as an ally and good friend with both countries, can play to reduce the geopolitical tension in the region? How can the United States help bring stability to the region? What are the positive and/or negative impacts of the United States' economic policies "outsourcing" in South Asia?
What are the major arguments protectionists use to justify trade barriers? Which of these arguments do you agree with? Disagree with? Why is protectionism still so powerful politically?
Assume you are part of a research team evaluating a proposal to clean up a hazardous waste site.
Demand Pull Inflation: Suppose that the central bank wants to increase output, but the economy is already at the natural rate. Show the short and long run effects of a monetary expansion in this situation in the AD/AS model. You can omit the labor ma..
Vaccinating people against a communicable disease such as influenza not only reduces the chances that the person vaccinated will catch the disease but also reduces the probability that an epidemic of the disease will occur. Which of the following ..
An important factor in selling a residential property is the number of people who look through the home. A sample of 17 homes recently sold in the Buffalo, New York, area revealed the mean number looking through each home was 26 and the standard devi..
A goldsmith has $2 million of gold in his vaults. He issues $5 million in gold receipts. His gold holdings are what fraction of the paper money (gold receipts) he has issued? LO33.1 a. 1/10. b. 1/5. c. 2/5. d. 5/5.
Does the best regression model that you ran in problem 27 have severe serial correlation? How can you tell?
Standard economic theory examines competition as the number of firms within the market. What was Hayek's contention with this view in The Meaning of Competition
Outline a plan that managers in the low-calorie, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic. Provide a ration..
Susan gets a job upon completion of her MSME degree with a mechanisms design firm. Her starting salary is $70,000; each successive year she gets a 5% raise. Assuming she deposits 10% of her salary each year into a fund earning 8% interest, how much m..
Consider a person with preferences over two goods, coffee and cigarettes. Both of these goods are addictive, in other words the more coffee you drink, the more willing you are to give up other goods in exchange for coffee and the more cigarettes you ..
Suppose the current price of wheat is $1.00 per bushel, and the price elasticity of demand for wheat is known to be 0.50. A bad harvest causes the supply of wheat to decrease, and as a result, the price of wheat rises by 20%. What will be the percent..
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