1 Welcome To Economics! 2 Choice In A World Of Scarcity 3 Demand And Supply 4 Labor And Financial Markets 5 Elasticity 6 Consumer Choices 7 Production, Costs, And Industry Structure 8 Perfect Competition 9 Monopoly 10 Monopolistic Competition And Oligopoly 11 Monopoly And Antitrust Policy 12 Environmental Protection And Negative Externalities 13 Positive Externalities And Public Goods 14 Labor Markets And Income 15 Poverty And Economic Inequality 16 Information, Risk, And Insurance 17 Financial Markets 18 Public Economy 19 The Macroeconomic Perspective 20 Economic Growth 21 Unemployment 22 Inflation 23 The International Trade And Capital Flows 24 The Aggregate Demand/aggregate Supply Model 25 The Keynesian Perspective 26 The Neoclassical Perspective 27 Money And Banking 28 Monetary Policy And Bank Regulation 29 Exchange Rates And International Capital Flows 30 Government Budgets And Fiscal Policy 31 The Impacts Of Government Borrowing 32 Macroeconomic Policy Around The World 33 International Trade 34 Globalization And Protectionism A The Use Of Mathematics In Principles Of Economics B Indifference Curves C Present Discounted Value D The Expenditure-output Model expand_more
Chapter Questions expand_more
Problem 1SCQ: Explain how a tariff reduction causes an Increase in the equilibrium quantity of imports and a... Problem 2SCQ: Explain how a subsidy on agricultural goods like sugar adversely affects the income of foreign... Problem 3SCQ: Explain how trade barriers save jobs in protected industries, but only by costing jobs in other... Problem 4SCQ: Explain how trade barriers raise wages in protected industries by reducing average wages... Problem 5SCQ: How does international trade affect working conditions of low-income countries? Problem 6SCQ: Do the jobs for workers in low-income countries that involve making products for export to... Problem 7SCQ: How do trade barriers affect the average Income level in an economy? Problem 8SCQ: How does the cost of saving jobs in protected industries compare to the workers wages and salaries? Problem 9SCQ: Explain how predatory pricing could be a motivation for dumping. Problem 10SCQ: Why do low-income countries like Brazil, Egypt, or Vietnam have lower environmental standards than... Problem 11SCQ: Explain the logic behind the race to the bottom argument and the likely reason it has not occurred. Problem 12SCQ: What are the conditions under which a country may use the unsafe products argument to block imports? Problem 13SCQ: Why is the national security argument not convincing? Problem 14SCQ: Assume a perfectly competitive market and the exporting country is small. Using a demand and supply... Problem 15SCQ: What is the difference between a free trade association, a common market, and an economic union? Problem 16SCQ: Why would countries promote protectionist laws, while also negotiate for freer trade... Problem 17SCQ: What might account for the dramatic increase in international trade over the past 50 years? Problem 18SCQ: How does competition, whether domestic or foreign, harm businesses? Problem 19SCQ: What are the gains from competition? Problem 20RQ: Who does protectionism protect? From what does it protect them? Problem 21RQ: Name and define three policy tools for enacting protectionism. Problem 22RQ: How does protectionism affect the price of the protected good in the domestic market? Problem 23RQ: Does international trade, taken as a whole, increase the total number of jobs, decrease the total... Problem 24RQ: Is international trade likely to have roughly the same effect on the number of jobs in each... Problem 25RQ: How is international trade, taken as a whole, likely to affect the average level of wages? Problem 26RQ: Is international trade likely to have about the same effect on everyones wages? Problem 27RQ: What are main reasons for protecting infant industries? Why is it difficult to stop protecting them? Problem 28RQ: What is dumping? Why does prohibiting it often work better in theory than in practice? Problem 29RQ: What is the race to the bottom scenario? Problem 30RQ: Do the rules of international trade require that all nations impose the same consumer safety... Problem 31RQ: What is the national interest argument for protectionism with regard to certain products? Problem 32RQ: Name several of the international treaties where countries negotiate with each other over trade... Problem 33RQ: What is the general trend of trade barriers over recent decades: higher, lower, or about the same? Problem 34RQ: If opening up to free trade would benefit a nation, then why do nations not just eliminate their... Problem 35RQ: Who gains and who loses from trade? Problem 36RQ: Why is trade a good thing if some people lose? Problem 37RQ: What are some ways that governments can help people who lose from trade? Problem 38CTQ: Show graphically that for any tariff, there is an equivalent quota that would give the same result.... Problem 39CTQ: From the Work It Out Effects of Trade Barriers, you can see that a tariff raises the price of... Problem 40CTQ: If trade barriers hurt the average worker in an economy (due to lower wages), why does government... Problem 41CTQ: Why do you think labor standards and working conditions are lower in the low-income countries of the... Problem 42CTQ: How would direct subsidies to key industries be preferable to tariffs or quotas? Problem 43CTQ: How can governments identify good candidates for infant industry protection? Can you suggest some... Problem 44CTQ: Microeconomic theory argues that it is economically rationale (and profitable) to sell additional... Problem 45CTQ: How do you think Americans would feel if other countries began to urge the United States to increase... Problem 46CTQ: Is it legitimate to impose higher safety standards on imported goods that exist in the foreign... Problem 47CTQ: Why might the unsafe consumer products argument be a more effective strategy (from the perspective... Problem 48CTQ: Why might a tax on domestic consumption of resources critical for national security be a more... Problem 49CTQ: Why do you think that the GAIT rounds and, more recently, WTO negotiations have become longer and... Problem 50CTQ: An economic union requires giving up some political autonomy to succeed. What are some examples of... Problem 51CTQ: What are some examples of innovative products that have disrupted their industries for the better? Problem 52CTQ: In principle, the benefits of international trade to a country exceed the costs, no matter whether... Problem 53CTQ: Economists sometimes say that protectionism is the second-best choice for dealing with any... Problem 54CTQ: Trade has income distribution effects. For example, suppose that because of a government-negotiated... Problem 55P: Assume two countries, Thailand (T) and Japan (J), have one good: cameras. The demand (d) and supply... Problem 56P: You have just been put in charge of trade policy for Malawi. Coffee is a recent crop that is growing... Problem 57P: The country of Pepperland exports steel to the Land of Submarines. Information for the quantity... format_list_bulleted
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