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Category > Economics Posted 22 Jun 2017 My Price 20.00

Principles of Macroeconomics, Ch. 2: Thinking Like an Economist

Principles of Macroeconomics, Ch. 2: Thinking Like an Economist

 

  1. Consider why economists make assumptions.
  2. Consider if an economic model describe reality exactly.
  3. Consider the difference between a positive and a normative statement.
  4. Consider why economists sometimes offer conflicting advice to policymakers

 

 

 

 

Principles of Macroeconomics, Ch. 9: Application — International Trade

 

  1. Consider what the domestic price that prevails without international trade tells us about a nation's comparative advantage.
  2. Consider how to define what a tariff is and its economic effects.
  3. Consider the difference between the unilateral and multilateral approaches to achieving free trade. Be prepared to give an example of each.

 

Principles of Macroeconomics, Ch. 10: Measuring a Nation’s Income

 

  1. Consider why an economy's income must equal its expenditure.
  2. Consider the four components of GDP. Be prepared to give an example of each.
  3. Consider why economist use real GDP rather than nominal GDP to gauge economic well-being

 

Principles of Macroeconomics, Ch. 11: Measuring the Cost of Living

 

 

  1. Consider which would have a greater effect on the consumer price index: a 10 percent increase in the price of chicken or a 10 percent increase in the price of caviar.
  2. Consider how to describe three problems that make the consumer price index an imperfect measure of the cost of living.
  3. Consider how to explain the meaning of nominal interest rate and real interest rate. How are they related?

 

Please answer all questions in the 4 chapters thank you!!!!

Answers

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Status NEW Posted 22 Jun 2017 04:06 AM My Price 20.00

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