Economics - October 2007

Below are 4 essay prompts that I've been given, one of which will be on our final. We don't know which one, and its different for each person. We are allowed one 3 by 5 notecard for each prompt, but I have no idea how to write an essay on any of theese. Im not asking you to do it for me, just any help you can give me, or ideas for what to put on each notecard...
heres the prompts:

1- Analyze the reasons responsible for the economic develpoment of the united states.

2- Discuss ways in which the United States and Canada are similar, yet different.

3- Analyze the impacts that the north american free tradge agreement has had on mexico.

4- Analyze the levels of development found in Latin America, and the challenges that the region continues to face in the 21st century.


thanks in advance!
-tina

2007-10-24 04:40:07 · 2 answers · asked by Surfing_is_life 2

this is a 8 marks questions...what shall i write?

2007-10-24 03:57:38 · 4 answers · asked by Anonymous

if yes, what do you think will happen to the US? US economy if going worst from worse right now.. On the contrary China is really getting rich.
The truth is, I will not be surprised if Chineses Yuan will replace the US dollar someday as the world trading currency.

2007-10-23 20:16:49 · 12 answers · asked by Anonymous

2007-10-23 20:13:17 · 1 answers · asked by ArabianFalcon 2

in terms of the marginal utility per dollar spent?

2007-10-23 19:55:42 · 2 answers · asked by ashl2121 1

What markets just don't work?
I need 3 examples of "good" (highly functioning) markets and 3 examples of "bad" (not smooth running) markets.

2007-10-23 18:42:08 · 1 answers · asked by stella 2

Explain how inflation hurts productivity when businesses decide to invest in less new projects because high and variable inflation makes it difficult to determine the profitability of projects.

2007-10-23 18:38:25 · 3 answers · asked by school_questions 3

2007-10-23 18:28:26 · 1 answers · asked by ashl2121 1

the poor cannot get to office, and when one does get there he goes to the wealth side and then most times votes with the wealth side or am i just talking here?

2007-10-23 18:21:06 · 2 answers · asked by Anonymous

Explain how the law of diminishing returns influences the shapes of the total variable-cost and total cost curves.

2007-10-23 17:23:19 · 2 answers · asked by speedy 1

2007-10-23 16:59:23 · 1 answers · asked by Anonymous

Both India and China were ancient civilizations that fell behind and suffered defeats at the hands of the West in the modern era. Both have huge populations (each around one billion) living in relative poverty compared to Europe and North America. India has better natural conditions, mostly flat land and facing the sea on both sides, while China has large portions of unusable land in the forms of deserts and mountains and a relative short coastline (for its area). India has been a full democracy (by Western standards) for the past fifty years, while in China it is not known when democracy will arrive. However, India is falling further behind China economically.

Up to the late 1970s, China and India's economies were comparable. Since then, as the article shows, China is doing a better job of bettering the lives of its citizens. India is leading in computer software but in almost everything else China is advancing more rapidly. This raises some interesting questions: Why cannot a democracy beat a communist regime? (Note the Western standard says that economic and political freedoms go together--if you want economic prosperity you have to have a liberal political system... or that's what the West is telling Russia and Eastern Europe.) Is it due to culture factors? Did the "Cultural Revolution" in late 1960s and early 1970s at the costs of millions of lives under the communists make it easier for today's China to break with the past and to take off, noting in India some have blamed traditions for blocking progress? Which is a better model for Third World countries to follow in development and modernization? Interestingly, the article does not make note of the factor that China has a Taiwan and a HongKong which significantly aid developments in the mainland, something India does not have

2007-10-23 14:17:04 · 5 answers · asked by The Great Montitude 7

2007-10-23 14:04:08 · 2 answers · asked by Anonymous

This question is designed to solicit the thoughts of other people in so helping and or contributing to the economic progress of their respective countries.

2007-10-23 13:39:28 · 3 answers · asked by Ramy 1

2007-10-23 08:51:43 · 10 answers · asked by schurder@btinternet.com 1

b) what if these 2 firms formed a cartel and maximized join profits? solve for the resulting quantities, prices and profits.
C)What if firm 2 cheats when firm 1 sets q1=q (j)? What are the resulting """"""""""""""""""""
d) What does this have to do with the prisoner dillema

2. BERTRAND: DERIVE THE bERTRAND nash equilibrium p,q and profit
3.Stackelberg: If firm 1 is the stackelberg leader, what are the resulting p q and proft

2007-10-23 06:18:39 · 1 answers · asked by Anonymous

For each of the following production functions, first, express
it in per capita terms and then obtain an expression for the average product of capital (APK). Then show under which conditions the APK decreases, increases or remains unchanged as k = K L varies. Include graphs.

• Y = AK ^α L^1−α .
• Y = AK ^β
.

2007-10-23 05:53:51 · 2 answers · asked by Anonymous

2007-10-23 05:22:41 · 9 answers · asked by confused 1

There is a shortage of wheat in the country and facts to be considered are: How will farmers react?
What will happen to labour? How the population will react?
And what will the government do?

2007-10-23 02:48:56 · 5 answers · asked by Anonymous

2007-10-22 19:11:57 · 3 answers · asked by michael kimpi 1

a. can change rapidly

b. protects the less fortunate

c. is easy to regulate

d. encourages growth

2007-10-22 17:19:32 · 5 answers · asked by Anonymous

A. shortage
B. scarcity
C. labor
D. factors of production

2007-10-22 16:52:10 · 3 answers · asked by Anonymous

Would the high price of milk affecting the chocolate companies be considered a negative production externality? or a negative comsumption externality?

2007-10-22 16:44:27 · 2 answers · asked by Serious Sal 1

1. all goods and services are scarce because
A. some goods cost more than others
B. all resources are scarce
C. some things are needs and others are wants
D. some people want to have more goods and services than others


2. Having enough workers to finish two jobs because there's a limited supply of workers represents
A. shortage
B. scarcity
C. labor
D. factors of production

2007-10-22 16:32:47 · 5 answers · asked by Anonymous

If the Actual Rate of unemployment is 9%; the NRU (Natural Rate of unemployment) is 5 %; and the Potential Real GDP is $6000 Billion, then what is the lost of Real GDP, resulting from the Cyclical Unemployment?

All answers are appreciated. Thanks.

2007-10-22 16:31:53 · 1 answers · asked by Paul C 2

making 199 donuts is $2.20, what will happen?

2007-10-22 15:06:36 · 2 answers · asked by Anonymous

2007-10-22 14:53:34 · 2 answers · asked by Stacy Z 3

2007-10-22 13:42:27 · 8 answers · asked by Anonymous

Shouldn't almost the entire economy eventually become stock market?

Similar to what happens in your portfolio after many years if you don't rebalance it between stocks and bonds.

2007-10-22 12:13:09 · 2 answers · asked by JA 2

Can it be solved and by what means?

2007-10-22 11:53:40 · 2 answers · asked by sandee 2