Question 1

Discuss how a perfect competitor may resemble a monopolistic competitor in the long-run.

Question 2

Describe the differences between a mixed and a command economy

Question 3

List the items that are not included in the GDP

Question 4

How does Inflation affect the average household in the United States.

Question 5

Describe the difference between real growth and inflationary growth

Question 6

Explain how business cycle growth provides increases in wages

Question 7

How does fiscal police raise the GDP

Question 8

Describe the federal funds rate.

Question 9

How do financial markets affect lending?

Question 10

How has international trade benefited US farmers?

Question 11

Describe how global technological change is promoted?

Question 12

Describe international jobs and how the US may gain or lose employees.