Ask Question, Ask an Expert

+61-413 786 465

[email protected]

Ask Microeconomics Expert

Economics


Home >> Microeconomics

1. Watch this video "I, Smartphone" https://drive.google.com/file/d/0ByZgnIP0zJ4OTVdubjFLMEhZS28/view?usp=sharing. How does this clip illustrate Adam Smith's concept of the invisible hand?

2. What is meant by the index of openness? How is it calculated? Note: use the formula provided in topic 1 in your answer (same formula is in chapter 1 of the textbook). What does it tell us about an economy?

3. In general, are larger countries more open or closed? What about smaller countries? Provide an example of a country which is large (as defined by the index of openness) and one which is small.

4. Is the following statement true or false? A country's index of openness can never exceed 100 in value. Explain your answer in 2-3 sentences.

5. In class, we looked at the geographic pattern of merchandise trade in 1965 and 2010. Use these figures to answer the following questions:

(A) What has happened to Asia's export share? Why?

(B) What has happened to North America's export share?How important is America as a trading partner for other countries?

(C) What has happened to the export share of Latin America & Africa?

(D) How important is geography when explaining trade patterns?

6. Which nation, according to the World Trade Organization report (2014), is the biggest merchandise trader in the world (including exports & imports)? What factors help explain this? You can find the report in the homework 1 folder.

7. How important is world trade in services to the world economy? Which country is the largest exporter/importer of services according to the World Trade Organization report (2014)? What factors explain this? You can find the report in the homework 1 folder. ($1,000)

8. The following podcast comes from NPR's "Planet Money" series. The podcast is about outsourcing: "In A Twist, Tech Companies Are Outsourcing Computer Work To ... Humans" If you click the link below, you can listen to the podcast & read a transcript.

http://www.npr.org/2015/07/04/420097029/in-a-twist-tech-companies-are-outsourcing-computer-work-to-humans

Why are tech companies outsourcing computer work to humans?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91613470
  • Price:- $35

Priced at Now at $35, Verified Solution

Have any Question?


Related Questions in Microeconomics

Question show the market for cigarettes in equilibrium

Question: Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in public. Label the equilibrium private market price and quantity as Pm and Qm. Add whatever is needed to the mode ...

Question recycling is a relatively inexpensive solution to

Question: Recycling is a relatively inexpensive solution to much of the environmental contamination from plastics, glass, and other waste materials. Is it a sound policy to make it mandatory for everybody to recycle? The ...

Question consider two ways of protecting elephants from

Question: Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all ...

Question suppose you want to put a dollar value on the

Question: Suppose you want to put a dollar value on the external costs of carbon emissions from a power plant. What information or data would you obtain to measure the external [not social] cost? The response must be typ ...

Question in the tradeoff between economic output and

Question: In the tradeoff between economic output and environmental protection, what do the combinations on the protection possibility curve represent? The response must be typed, single spaced, must be in times new roma ...

Question consider the case of global environmental problems

Question: Consider the case of global environmental problems that spill across international borders as a prisoner's dilemma of the sort studied in Monopolistic Competition and Oligopoly. Say that there are two countries ...

Question consider two approaches to reducing emissions of

Question: Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermin ...

Question the state of colorado requires oil and gas

Question: The state of Colorado requires oil and gas companies who use fracking techniques to return the land to its original condition after the oil and gas extractions. Table 12.9 shows the total cost and total benefit ...

Question suppose a city releases 16 million gallons of raw

Question: Suppose a city releases 16 million gallons of raw sewage into a nearby lake. Table shows the total costs of cleaning up the sewage to different levels, together with the total benefits of doing so. (Benefits in ...

Question four firms called elm maple oak and cherry produce

Question: Four firms called Elm, Maple, Oak, and Cherry, produce wooden chairs. However, they also produce a great deal of garbage (a mixture of glue, varnish, sandpaper, and wood scraps). The first row of Table 12.6 sho ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved