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principles of macroeconomics

Questions and Answers of Principles Of Macroeconomics

What are your hobbies?
How would your friends describe you?
If you could go back in time, what year would you travel to?
If money was no object, what would you do all day?
Who would you want to be stranded with on a deserted island?
Would you rather win the lottery or work at the perfect job? And why?
Would you rather vacation in Hawaii or Alaska, and why?
In the evening, would you rather play a game, visit a relative, watch a movie, or read?
Do you like or dislike surprises? Why or why not?
Have you ever had a nickname? What is it?
Who is your favorite author? Party time! Get your group organized with an online sign up!
If you could only eat one meal for the rest of your life, what would it be?
If you could hire someone to help you, would it be with cleaning, cooking, or yard work?
Which would you rather do: wash dishes, mow the lawn, clean the bathroom, or vacuum the house?
What two radio stations do you listen to in the car the most?
What would you sing at Karaoke night?
Would you rather ride a bike, ride a horse, or drive a car?
What is your favorite game or sport to watch and play?
What does your child want to be when he/she grows up?
What did you want to be when you were small?
What was the last movie you went to? What did you think?
What is your child's proudest accomplishment?
What is your proudest accomplishment?
What is your biggest complaint about your job?
What is your favorite thing about your career?
What motivates you to work hard?
What really makes you angry?
What would you change about yourself if you could?
What is your favorite family vacation?
What is your biggest fear?
If you could live anywhere, where would it be?
Who is your hero?
Is there something about _____ that you think no one else knows?
What were _____’s hopes and dreams for the future?
Can you talk about the biggest obstacles _____ overcame in life?
What would you ask _____ if _____ were here today?
Remembering the Fallen: Tell me about _______.
What are some habits you developed in the service that you like? What are some that you dislike?
Is there anything you wish civilians understood about military service?
When you were first discharged, what are some things about civilians that were difficult for you to deal with?
Did you ever get caught breaking any rules? Did you ever get away with something you weren’t supposed to do?
Is there someone you served with that you remember fondly? Can you tell me about them?
If you saw multiple deployments, how did they differ from each other? How did you change?
How did you come to your faith? From your family? From a particular experience or set of experiences?
Do you have any favorite stories from your work life?Religion
Did you ever think of getting divorced?
What were the best times? The most difficult times?
How did you propose?
How did you know they were “the one”?
How did you meet your spouse/partner?
Do you remember the best date you ever went on?/Do you remember your first date?Marriage & Partnerships
Do you ever think about previous lovers?
How would you like your students to remember you?
What are the most challenging and/or funniest moments you’ve experienced in the classroom?
Tell me about a time when teaching made you feel hopeful.
How is teaching different from how you imagined it to be?
What kind of student were you?
How would you describe a perfect day when you were young?
What are your dreams for me?
What were my siblings like?
What was I like as a baby? As a young child?
How did you choose my name?
Do you remember what was going through your head when you first saw me?
Do you have any favorite stories about your kids?Parents
What is the worst thing your grandparents ever did?
Do you remember any songs that you used to sing to your children? Can you sing them now?
The country of Pepperland exports steel to the Land of Submarines. Information for the quantity demanded (Qd) and quantity supplied (Qs) in each country, in a world without trade, are given in Table
Assume two countries, Thailand (T) and Japan (J), have one good: cameras. The demand (d) and supply (s) for cameras in Thailand and Japan is described by the following functions:QdT = 60 – PQsT =
Economists sometimes say that protectionism is the “second-best” choice for dealing with any particular problem. What they mean is that there is often a policy choice that is more direct or
Explain how a tariff reduction causes an increase in the equilibrium quantity of imports and a decrease in the equilibrium price. Hint: Consider the Work It Out "Effects of Trade Barriers."
If trade increases world GDP by 1% per year, what is the global impact of this increase over 10 years? How does this increase compare to the annual GDP of a country like Sri Lanka? Discuss. Hint: To
Consider two countries: South Korea and Taiwan. Taiwan can produce one million mobile phones per day at the cost of $10 per phone and South Korea can produce 50 million mobile phones at $5 per phone.
In Exercise 20.31, is there an “ask” where Venezuelans may say “no thank you” to trading with Canada?
Review the numbers for Canada and Venezuela from Table 20.12 which describes how many barrels of oil and tons of lumber the workers can produce. Use these numbers to answer the rest of this
In Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10 tons of rubber or 40 radios.Who has the absolute advantage in the production of rubber or radios? How
France and Tunisia both have Mediterranean climates that are excellent for producing/harvesting green beans and tomatoes. In France it takes two hours for each worker to harvest green beans and two
You just got a job in Washington, D.C. You move into an apartment with some acquaintances. All your roommates, however, are slackers and do not clean up after themselves. You, on the other hand, can
. Is there a range of trades for which there will be no gains?
Look at Table
Look at Exercise 20.2. Compute the opportunity costs of producing sweaters and wine in both France and Tunisia. Who has the lowest opportunity cost of producing sweaters and who has the lowest
What is absolute advantage? What is comparative advantage?
Table 20.15 shows how the average costs of production for semiconductors (the “chips” in computer memories) change as the quantity of semiconductors built at that factory increases.Based on these
In Germany it takes three workers to make one television and four workers to make one video camera. In Poland it takes six workers to make one television and 12 workers to make one video camera.Who
Retrieve inflation data from The World Bank data base (http://databank.worldbank.org/data/home.aspx) for India, Spain, and South Africa for 2011–2015. Prepare a chart that compares India, Spain,
Retrieve the unemployment data from The World Bank database (http://databank.worldbank.org/data/home.aspx) for India, Spain, and South Africa for 2011-2015. Prepare a chart that compares India,
Explain what will happen in a nation that tries to solve a structural unemployment problem using expansionary monetary and fiscal policy. Draw one AD/AS diagram, based on the Keynesian model, for
During the most recent recession, some economists argued that the change in the interest rates that comes about due to deficit spending implied in the demand and supply of financial capital graph
Assume that the newly independent government of Tanzania employed you in 1964. Now free from British rule, the Tanzanian parliament has decided that it will spend 10 million shillings on schools,
Sketch a diagram of how a budget deficit causes a trade deficit. (Hint: Begin with what will happen to the exchange rate when foreigners demand more U.S. government debt.)
Explain whether or not you agree with the premise of the Ricardian equivalence theory that rational people might reason: “Well, a higher budget deficit (surplus) means that I’m just going to owe
Why have many education experts recently placed an emphasis on altering the incentives that U.S. schools face rather than on increasing their budgets? Without endorsing any of these proposals as
If the budget deficit rises to 70, how are the other terms in the national saving and investment identity affected?
Imagine an economy in which Ricardian equivalence holds. This economy has a budget deficit of 50, a trade deficit of 20, private savings of 130, and investment of
In the late 1990s, the U.S. government moved from a budget deficit to a budget surplus and the trade deficit in the U.S. economy grew substantially. Using the national saving and investment identity,
Assume an economy has a budget surplus of 1,000, private savings of 4,000, and investment of 5,000.Write out a national saving and investment identity for this economy.What will be the balance of
In a country, private savings equals 600, the government budget surplus equals 200, and the trade surplus equal 100.What is the level of private investment in this economy?
Specify whether expansionary or contractionary fiscal policy would seem to be most appropriate in response to each of the situations below and sketch a diagram using aggregate demand and aggregate
If a government runs a budget deficit of $10 billion dollars each year for ten years, then a surplus of $1 billion for five years, and then a balanced budget for another ten years, what is the
A government starts off with a total debt of $3.5 billion. In year one, the government runs a deficit of $400 million. In year two, the government runs a deficit of $1 billion. In year three, the
During the Great Recession of 2008–2009, what actions would have been required of Congress and the President had a balanced budget amendment to the Constitution been ratified? What impact would

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