Introduction What effects do changes in supply and demand have on equilibrium price and quantity? Suppose that the supply of some good (for example, health care) is constant and demand increases. As a result, the new intersection of the supply and demand curves is...
Imagine a Free Trade Area of the Americas that would join Canada and the United States with Latin American countries, where wages are lower and technology is less developed. Which U.S. industries do you think would gain from such a trade area? Specifically,...
What do you think of the “Slowbalization” article assigned for this week in The Economist? Do you agree or disagree with the author? Should I require future classes read this? I’m looking forward to reading what you have to...
Discuss non-monetary benefits open trade has contributed to the world since the end of WWII. Provide at least 2 examples. Why do you think these are important? • How have changes to US trade and tariff policies affected US trade with other nations? Consider recent...
Since the Affordable Care Act became the law of the land, there has been much written concerning its ongoing economic impact on our nation’s economy. There have also been many sound reports that few of the benchmarks set for it have ever been reached. Both...
Adam Smith’s Invisible Hand. This concept explains how a market will provide incentives for individuals to look out for the well-being of others while also acting in their self-interest. In this discussion, your task is to: Put yourself in the shoes of an entrepreneur...