Microeconomics (Week 8)
1. How can two countries both be better off as a result of trade?
2. How did the Bretton Woods system operate? What caused its collapse? Some think the
current system of managed but floating rates is too unstable. What would generate the
instability?
3. Why can't all the balance of payments accounts be in surplus?
4. Describe developing countries and how they differ from industrial market economies.
How can international trade aid development? In what ways does the international
economy impose problems on developing countries?
5. What is foreign aid and what is the goal of foreign aid? Does foreign aid promote
economic development? Explain briefly.
Each question (1-5 for both) need to be answered in 75 words or greater. I need the book that
is being used to be referenced in APA format. The book being used is ECON MICRO 3 by
William McEachern. I need these back Wednesday (4/17) by 4:00pm so that I have time to
read over and submit them. 4:00pm EST.
Macroeconomics (Week 8)
1. Describe developing countries and how they differ from industrial market economies.
How can international trade aid development? In what ways does the international
economy impose problems on developing countries?
2. How did the Bretton Woods system operate? What caused its collapse? Some think the
current system of managed but floating rates is too unstable. What would generate the
instability?
3. Why can't all the balance of payments accounts be in surplus? What factors determine the
demand for British pounds in foreign exchange markets? How are exchange rates
determined under a flexible exchange rate system?
4. How can two countries both be better off as a result of trade? How can tariffs protect U.S.
jobs? Do tariffs lead to a net increase in jobs? Explain. Who are the winners and losers
from trade restrictions? Given that trade restrictions impose losses on an economy, why
are trade restrictions so common?
5. What is foreign aid and what is the goal of foreign aid? Does foreign aid promote
economic development? Explain briefly.
Each question (1-5 for both) need to be answered in 75 words or greater. I need the book that
is being used to be referenced in APA format. The book being used is ECON MACRO 3 by
William A. McEachern I need these back Wednesday (4/17) by 4:00pm so that I have time to
read over and submit them. 4:00pm EST.
If you look, some of these questions are the same. It is ok to have the same answer because it
is two different classes. But notice if one has additional questions with it.