Order Description
Week 9: Personal Assignment
There are Internet questions with this assignment at the end.
Problems
Problem 1
This is taken from Question for Discussion on page 344 of the text (Shiller 10th Edition).
Suppose a lawyer can type faster than any secretary. Should the lawyer do her own typing?
Explain using Economic concepts from chapter 17.
Problem 2
This is taken from Question for Discussion on page 344 of the text (Shiller 10th Edition).
Why did solar panel installers object to tariffs on Chinese made solar panels (News Wire, p 336)?
Explain using Economic concepts from chapter 17.
Problem 3
This is taken from Question for Discussion on page 344 of the text (Shiller 10th Edition).
How would each of these events affect the supply and demand for Japanese Yen?
a. Stronger U.S. Economic Growth.
b. A decline in Japanese interest rates.
c. Higher inflation in the United States.
Explain using Economic concepts from chapter 17.
Problem 4
This is taken from Question for Discussion on page 344 of the text (Shiller 10th Edition).
Is a stronger dollar good or bad for America?
Explain using Economic concepts from chapter 17.
Internet Questions
Question 1
Visit: https://www.cia.gov/library/publications/the-world-factbook/index.html
What is a leading export for Christmas Island? What types of products does it import? How are these related to their relative abundance of factors of production?
Question 2
Visit: https://www.cia.gov/library/publications/the-world-factbook/index.html
What is the leading export for Iceland? What types of products does it import? How are these related to their relative abundance of factors of production?
