Questions from Macroeconomics

Q: The Russian government spent $6.7 billion on Olympic facilities

The Russian government spent $6.7 billion on Olympic facilities and $16.7 billion upgrading Sochi area infrastructure. Sponsors spent $27.6 billion on hotels and facilities hoping to turn Sochi into a...

Q: Describe the broad facts about what, how, and for whom

Describe the broad facts about what, how, and for whom goods and services are produced.

Q: Find examples of scarcity in today’s headlines.

Find examples of scarcity in today’s headlines.

Q: Find an example of the distinction between microeconomics and macroeconomics in today’s

Find an example of the distinction between microeconomics and macroeconomics in today’s headlines.

Q: Use headlines from the recent news to illustrate the potential for conflict

Use headlines from the recent news to illustrate the potential for conflict between self-interest and the social interest.

Q: Distinguish between a positive statement and a normative statement and provide examples

Distinguish between a positive statement and a normative statement and provide examples.

Q: What is a model? Can you think of a model that

What is a model? Can you think of a model that you might use in your everyday life?

Q: How do economists try to disentangle cause and effect?

How do economists try to disentangle cause and effect?

Q: Toyota will continue to produce 3 million cars per year and will

Toyota will continue to produce 3 million cars per year and will use the balance of its resources to upgrade its workers’ skills and create new technology. In three years’ time, Toyota plans to produc...

Q: How is economics used as a policy tool?

How is economics used as a policy tool?