Future supply adjustments

The secretary -general of OPEC, stated that it would be easier for OPEC nations to make future supply adjustments to fix oil prices that are too high than it would be to rescue prices that are too low. From an economic stance, evaluate this analysis.

How are the economies of two different countries linked together?

How are the economies of two different countries linked together? Give two factors and explain them.

Trade Liberalization

Does free trade harm the environment? Environmentalists argue that trade liberalization harms the environment. The decisions of the World Trade Organization (WTO) in particular have been the subject of much criticism. Carbaugh1 has described environmentalists' three primary assertions: Trade liberalization leads to a "race to the bottom" in environmental standards. Trade liberalization conflicts with morally-conscious environmental policies. Trade liberalization encourages trade in products that create global pollution ("pollution havens"). Proponents of trade liberalization argue that freer trade might actually improve the quality of the environment. For example, the internatio... click for more

Intro to economics

Schiller Text, 10th edition The economy today bradley r schiller 10/e Chapter 5 - page 112 1. The manuscript for this text was typed by a friend. Had I hired a secretary to do the same job, GDP would have been higher, even though the amount of output would have been identical. Why is this? Does this make sense? 2. GDP in 1981 was $2.96 trillion. It grew to $3.07 trillion in 1982, yet the quantity of output actually decreased. How is this possible? 3. If gross investment is not large enough to replace the capital that depreciates in a particular year, is net investment greater or less than zero? What happens to our production possibilities? Chapter 6 - page 131 1.... click for more

Employment, inflation, concretionary and expansionary fiscal policy

Why do Keynesian economists believe that market forces do not automatically adjust for unemployment and inflation? What is their solution for the stabilization of economic fluctuations? What is the difference between concretionary and expansionary fiscal policy? Which do we think is more appropriate today?