Questions from General Economics

Q: Which type of trade barrier is most advantageous from the government's perspective

Which type of trade barrier is most advantageous from the government's perspective?

Q: Suppose the U.S. government increases trade barriers on Japanese

Suppose the U.S. government increases trade barriers on Japanese cars coming into the United States. a. What impact would this have on the American car market? What about the impact on American automo...

Q: What are the benefits and the costs to a nation of higher

What are the benefits and the costs to a nation of higher trade barriers? Which are greater: the benefits or the costs?

Q: What are some of the problems associated with capitalism which the American

What are some of the problems associated with capitalism which the American people have called upon government to address? What are some examples of ways in which government has attempted to alleviate...

Q: How did Karl Marx argue that capitalism would "sow the seeds

How did Karl Marx argue that capitalism would "sow the seeds of its own destruction"? What has helped keep Marx's predictions from coming true?

Q: What are some examples of "socialism" in the United States

What are some examples of "socialism" in the United States economy?

Q: We know that all real-world economies are mixed. However

We know that all real-world economies are mixed. However, is it always true that capitalist-dominated nations, as opposed to socialist-dominated nations, enjoy a higher average standard of living?

Q: It has been suggested that different nation's conception of what constitutes an

It has been suggested that different nation's conception of what constitutes an equitable, fair or just distribution of income is what primarily differentiates the degree to which government is involv...

Q: All modern industrial states in the world have a socialized medical system

All modern industrial states in the world have a socialized medical system, except South Africa and the United States. Why do you think that is? Should the United States adopt a socialized medical sys...

Q: The Energizer Bunny that “keeps going and going” has been

The Energizer Bunny that “keeps going and going” has been a very successful ad campaign for batteries. Explain the relationship between this slogan and the firm’s price elasticity of demand and total...