Economics discussion questions
1. When all people use economic reasoning, inefficiency is impossible, because if the benefit of reducing that inefficiency were greater than the cost, the inefficiency would be eliminated. Thus, if people use economic reasoning, it's impossible to be on the interior of a production possibility curve. Is this statement true or ...continues
Economics discussion questions
1. List three ways in which individual debt differs from government debt. 2. If all of the government's debt were internal, would financing that debt make the nation poorer? 3. How can a government that isn't running a deficit still get itself into financial trouble? 4. Why is debt service an importa ...continues
Since Gov't imposes regulations on businesses for such things as safety regulations for workers, pollution controls on the amt of emissions, and requirements on access for workers with disabilities how might you answer the following questions? 1.How might these regulations be thought of as being a negative technological chang ...continues
How would you explain the situation below? You are the owner of a small bank in a state that is considering allowing interstate banking. You do not like this because it will be possible for the large money center banks in Washington, Las Vegas to open branches in your banks geographic market area. While the states' reasoni ...continues
Oligopolistic market structure
From an economist standpoint, why might there be more research, development, and innovation occuring in the oligopolistic market structure than in any other?
Economic/Political/Tax Supply and Demand
Suppose you are an aid to a government official deciding on some recently proposed excise tax on the welfare of her constituents. One way of measuring the impact on her constituents is to determine how that tax change affects the level of consumer surplus enjoyed by her citizens in her area. By using a formal analysis and estima ...continues
Review the history of Enron using the following websites and two additional websites that you find Washington Post Business Specials (free registration is required) CNN In-Depth Specials Time: Behind the Enron Scandal Please answer these questions: 1.Highlights the events that occurred and the individuals involv ...continues
I need an answer to the following question: Is there anything the U.S. government can do today to improve the nation's competitive position in the global economy?
US Budget Surplus Recomendations
Suppose that you are economic adviser to President Bush, "propose two actions that the administration should take if the budget is in surplus that will protect the surplus. Propose two actions if the budget is in deficit to bring it out of deficit. What would be the impact on the U.S. economy for each of your recommendations?"
Economic recession & political action
Assume that the economy is already in a recession, and both the President and Congress have decided to do something to restore the economy. Both agree that lowering taxes would not be a good idea, but do believe that it is in the best interest of the economy to increase government spending in defense, education & infrastructure. ...continues
