Economics: Principles, Problems, and Policies

by Campbell R. McConnell

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Economics: Principles, Problems, and Policies Questions and Answers

monetary policy and fiscal policy  what are the major tools of monetary and fiscal policy on controlling iflation?

The Big Mac Index computed by The Economist magazine has consistently found the U.S. dollar to be undervalued against some currencies and overvalued against others. This finding seems to call for a rejection of the purchasing power parity theory. Explain why this index may not be a valid test of the theory.

The following article is about college football players who want to unionize so they can get something more than just scholarships.  I do not think they deserve more.  What do you think? http://money.cnn.com/2014/01/28/news/economy/college-football-union/index.html?iid=SF_E_LN In my opinion, i think it would just enough for this athletes to get compensated for school tuition and nothing else. Since they are not force to join into sports. What do you think?

auto manufactuers in financial trouble? The big three manufactuers in the U.S. are currently in financial trouble. General Motors and Chrysle are filing for bankruptcy. Chrysler is being take over by Fiat. GM is giving ownership to the government in return for a $20 million bailout. 1 Why is the U.S. auto industry in financial trouble, compared to foreign competition?   2. What will be the economic consequences of a government bailout of the auto industry?   3. Should the government assist the auto industry?   4. Should the industry receive bailout if it is an obligopoly? What if the industry was a monopoly or monopolistically competitive? How does it affect your opinion?

What is an example of social security?  

How would you respond academically to this microeconomics article? What is your opinion or how would you react to this situation? Basically, I would like your independent observation basically. http://www.businessweek.com/articles/2014-01-24/netflix-mulls-additional-pricing-tiers-and-a-basic-fee-increase#r=read