Discussion Questions: (Please Provide a reference and in-text citations for each question, also a word count of at least 150 words)
REFERENCE: Mankiw, N. Gregory (2015). Principles of Macroeconomics (7th ed.). Stamford, CT: Cengage Learning.
Principles of Macroeconomics, Ch. 3: Interdependence and the Gains From Trade
Consider two countries that produce steel and wheat. The production possibilities frontier for each county is bowed outwards (it is ‘concave to the origin’).
Is it possible for one of the two countries to have the absolute advantage in producing both steel and wheat?
Is it possible for one of the two countries to have the comparative advantage in producing both steel and wheat?
Question 2: If the U.S. imposed tariffs on goods imported from other countries, and other countries did not retaliate with their own tariffs on U.S. goods, who would gain and who would lose in the U.S.?
In your answer, you should
(a) select a good that is imported from abroad and that competes with U.S. produced goods; or
(b) select a good that is used as an input in the production of U.S. produced goods.
Provide examples in your response.
Principles of Macroeconomics, Ch. 4: The Market Forces of Supply and Demand
Several macroeconomic models rely on the basic supply and demand model from microeconomics. Two of these include the market for loanable funds and the markets for labor. What are the ‘prices’ in each of these markets? In the market for loanable funds, how would a large increase in government borrowing to fund national infrastructure spending affect the price and quantity of loanable funds?
I know its short notice, but can I get these back by 4/2/2017 by 1000 pm est?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more