External link to Numerous Americans lack health insurance

Numerous Americans lack health insurance

Currently, numerous Americans lack health insurance because they are unable to pay for it. However, the number of people who do not have health insurance is relatively small as compared to the overall population. USA Today reported as of September 2010, 50.7 million Americans were uninsured.  In the under 18 years of age category, 16.7 % were uninsured. Source: http://www.usatoday.com/news/nation/2010-09-17-uninsured17_ST_N.htm Answer and discuss the following […]

External link to Projected economic gains from free trade

Projected economic gains from free trade

In 200 words or less, evaluate (agree or criticize) the following statement: “The theory of comparative advantage (and the associated projected economic gains from free trade) is a well-known economic theory, but what happens in the real world is closer to the opposite. If, as the result of free trade, some American workers lose their jobs, this can hardly be a sensible economic strategy for […]

External link to Exports and imports changed in GDP

Exports and imports changed in GDP

Chapter 5 Assignment A friend of yours has just returned from desert island where she was stranded alone since January 2008. Having completed Econ. 104 just prior to arriving on the desert island (and being naturally curious), she asks you the following questions: What happened in the last 6 years? 1) By how much has GDP (and Real GDP) changed, and have there been significant […]

External link to Higher earnings and public benefits

Higher earnings and public benefits

Weekly Assignment for Chapter 7                                                                   2/10/15 In Chapter 7, Mankiw makes the point that human capital is an essential element in determining the long-run growth of any country. Mankiw notes also that human capital investments have both private and public benefits — private benefits in the form of higher earnings and public benefits in terms of a more informed citizenry, a higher probability of inventions, etc. Mankiw […]

External link to Government and national savings and investment

Government and national savings and investment

Chapter 8 Assignment                                                  2-17-15 1. Solve the following problem: Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. Assuming this economy is closed (GDP=C+I+G), calculate consumption, government purchases, national savings, and investment. [Hint: See pages 162-163 in your textbook.] Show your work so that we can explain what went wrong if you miss any aspect […]

External link to Large economic loss assignment paper

Large economic loss assignment paper

Chapter 9 Assignment                                                                        2-26-15 Assume that an uncle of yours was injured on 1/1/15 in an automobile accident. The accident was serious, and it was the other driver’s fault. As the result of the accident, your uncle will not be able to return to his medical practice where he earned $280,000 during calendar year 2014. Your uncle’s accident occurred on his 60th birthday (some birthday) and he planned (prior to […]

External link to The labour force participation rate

The labour force participation rate

Chapter 10 Assignment Mankiw demonstrates in Table 1 (page 196) how much variation there is in the economy (at any single moment) in both the unemployment rate and the labor-force participation rate for different labor market participants. Put differently, Mankiw shows that the unemployment rate in 2009 varied between 6.8% for white females to 16.3% for black males (almost a three-fold variation). Likewise, the labor-force participation […]

External link to The Bank of Pantherville maintainance

The Bank of Pantherville maintainance

Chapter 11 Assignment   The economy of the Village of Pantherville contains 50,000 $1 bills. [Briefly explain how you arrived at each of your answers.]   a) If people in Pantherville hold all money as currency, what is the quantity of money?   b) If people hold all money as demand deposits and the Bank of Pantherville maintains 100% reserves, what is the quantity of money?   […]

External link to Increase in government expenditure

Increase in government expenditure

Which has a larger effect on aggregate demand: an increase in government expenditure or an equal-sized decrease in taxes? Explain your answer.       To eliminate a recessionary gap, which fiscal policy should the government pursue? Be specific.       The online text discusses fiscal policy in action. Keynesian economics is a school of thought that believes fiscal policy is needed to stabilize […]

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