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Some politicians have suggested that the U.S. enact a constitutional amendment requiring that the federal govt balance its budget annually. Explain why such an amendment, if strickly enforced, would force the govt to enact a contractionary fiscal policy whenever the economy experienced a severe recession.
Assess and explain a major trade regulation or policy of the United States (please choose a regulation or policy other than one already discussed by your classmates). What purpose(s) does the regulation or policy serve?
Determine the role would technology play if there was a move to harmonization of accounting standards across countries? Explain your reasoning.
Analyze and describe the impact of the different forms of regional trading arrangements on international trade.
Discuss each of the six indicators, and explain its current status. In addition, present a separate graph for each indicator illustrating the historic trend for each.
Discuss why do many economists believe that the market system is the most efficient economic system for allocating resources?
Suppose that Norway (country 1) and Russia (country 2) are the only two natural gas exporters to Germany. The inverse demand curve is P= 100-Q, where P is price and Q is the total quantity in the market. Costs are C1=Q12 and C2=10*Q2, where C1 and..
The government has 3-bureaues that predict the impact of legislation and information so administration and Congress can make rule.
Many factors discuss the supply and demand for labor. Identify and describe two factors that would increase or decrease the demand for labor.
California prisons are overcrowded. The State has the choice between building new prisons and relaxing parole standards (so that prisoners are released on parole earlier). Due to the budget crisis, it has chosen to relax parole standards.
A certain commodity cost 0.5 pound sterling in the United Kingdom. In U.S. denominated dollars, this same item can be purchased for 85 cents. The exchange rate is 1 pound sterling= $1.80 U.S. a. Should this commodity be purchased in the United King..
If world prices increase, the current account balance of the importing country will improve.True / False? Explain and should high-income countries erect or maintain trade barriers against imports from low-wage countries?
Discuss similarities between the principle of comparative advantage and absolute advantage? Are there any differences between two principles?
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