1. Go through your daily newspaper and identify: (a) seven or eight news items of an international...
Question:
1. Go through your daily newspaper and identify:
(a) seven or eight news items of an international economic character;
(b) the importance or effect of each of these problems on the U.S. economy;
(c) the importance of each of these news items to you personally.
2. This question will involve you in measuring the economic interdependence of some nations.
(a) Identify any five industrial nations not shown in Figure 1.1.
(b) Go to your school library and find the latest edition of International Financial Statistics and construct a table showing the degree of economic interdependence for the nations you have chosen. Is the economic interdependence of the smaller nations greater than that of the larger nations?
3. Do the same as for Problem 2 for any five developing countries not shown in Figure 1.1.
4. Does the trade between the United States and Brazil and Argentina follow the prediction of the gravity model?
5. Take your principles of economics text (even if you have already had intermediate theory) and from the table of contents:
(a) identify the topics presented in the microeconomics parts of the text;
(b) compare the contents of the microeconomic parts of your principles text with the contents of Part One and Part Two of this text;
(c) identify the topics presented in the macroeconomics parts of the text;
(d) compare the contents of the macroeconomics parts of your principles text with the contents of
Part Three and Part Four of this text.
*6. (safa)sfdWhat does consumer demand theory predict will happen to the quantity demanded of a commodity if its price rises (for example, as
a result of a tax) while everything else is held constant?
(b) What do you predict would happen to the quantity of imports of a commodity if its price to domestic consumers rose (for example, as a result of a tax on imports)?
*7. (safa)sfdHow can a government eliminate or reduce a budget deficit?
(b) How can a nation eliminate or reduce a balance-of-payments deficit?
8. How do international economic relations differ from interregional economic relations?
(b) In what way are they similar?
9. How can we deduce that nations benefit from voluntarily engaging in international trade?
*10. If nations gain from international trade, why do you think most of them impose some restrictions on the free flow of international trade?
11. Can you think of some ways by which a nation can gain at the expense of other nations from trade restrictions?
12. When the value of the U.S. dollar falls in relation to the currencies of other nations, what do you think will happen to the quantity of U.S.
(a) imports?
(b) exports?
Methods in Behavioral Research
ISBN: 978-0078035159
11th Edition
Authors: Paul C. Cozby, Scott C. Bates