Questions from Macroeconomics


Q: Suppose a lawyer can type faster than any secretary. Should the

Suppose a lawyer can type faster than any secretary. Should the lawyer do her own typing? Can you demonstrate the validity of your answer?

See Answer

Q: In our story of Tom, the student confronted with a web

In our story of Tom, the student confronted with a web design assignment, we emphasized the great urgency of his desire for web tutoring. Many people would say that Tom had an "absolute need" for web...

See Answer

Q: What would be the effects of a law requiring bilateral trade balances

What would be the effects of a law requiring bilateral trade balances?

See Answer

Q: If a nation exported much of its output but imported little,

If a nation exported much of its output but imported little, would it be better or worse off? How about the reverse—that is, exporting little but importing a lot?

See Answer

Q: Suppose we refused to sell goods to any country that reduced or

Suppose we refused to sell goods to any country that reduced or halted its exports to us. Who would benefit and who would lose from such retaliation? Can you suggest alternative ways to ensure impor...

See Answer

Q: Domestic producers often base their demands for import protection on the fact

Domestic producers often base their demands for import protection on the fact that workers in country X are paid substandard wages. Is this a valid argument for protection?

See Answer

Q: On the basis of the News on page 434, how do

On the basis of the News on page 434, how do U.S. furniture manufacturers feel about NAFTA? How about farmers?

See Answer

Q: Why did President Obama pursue “buy American” rules if they

Why did President Obama pursue “buy American” rules if they actually hurt the economy?

See Answer

Q: Who gains and who loses from nontariff barriers to Mexican trucks (

Who gains and who loses from nontariff barriers to Mexican trucks (World View, p. 432)? What made President Obama offer renewed negotiations?

See Answer

Q: Has the tariff on Chinese tires (World View, p.

Has the tariff on Chinese tires (World View, p. 428) affected you or your family? Who has been affected?

See Answer