A tariff is a tax levied only on imports.
The infant industry argument is by far the oldest economic argument for government
Paul Krugman argues that a strategic trade policy aimed at establishing domestic firms
in a dominant posi
A zero-sum game is one in which a gain by one country results in a loss by another.
The simple comparative advantage model assumed that trade does not change a
country's stock of resources or the efficiency with which it utilizes those resources.
FDI can take the form of a greenfield investment in a new facility or an acquisition of or
a merger with an existing local firm.
For products with a high value-to-weight ratio, transportation costs have a high impact
on the relative attractiveness of
Ethical dilemmas are situations in which none of the available alternatives seems
Organization culture refers to the values and norms that are shared among employees
of an organization.
Utilitarianism philosophy includes th
The most global of markets are not typically markets for industrial goods and materials
but markets for consumer products.
When IMF grants loans to the nation-states, it requires nation-states to adopt specific
economic policies aimed at returning t
Norms refer to the abstract ideas about what a group believes to be good, right, and
A class system is a more rigid form of social stratification than a caste system in which
social mobility is not possible.
According to Geert Hofst
It is not possible to have democratic societies that emphasize a mix of collectivism and
Right-wing totalitarianism generally permits some individual economic freedom but
restricts individual political freedom.
Judges in a civil
Econ 100B / UGBA 101B: Macroeconomic Analysis
Post Lecture #2 Exercises
Measuring Macroeconomic Data GDP
Multiple Choice Questions
The production approach to measuring GDP requires:
Which of the following is typically not
1- ) The National Bureau of Economic Research maintains a Web page devoted to
business cycle expansions and contractions athttp:/www.nber.org/cycles.html.
Please take a look at this page to see if you can determine how the business
Timed Exam 1
Total Grade: 216
There are 30 multiple choice & true false questions. You will have 45 minutes to complete
the exam. The exam will be available until Saturday, April 5 by 11:45pm. This time-span is
given to account fo
1- (Rational Self-Interest) Discuss the impact of rational self-interest on each of the
a. Whether to attend college full time or enter the workforce full time.
b. Whether to buy a new textbook or a used one
1. (Shifts in the PPF) Do you think the September 11, 2001 attacks on the World
Trade Center and the Pentagon affected short and/or long-term productivity in the
United States? (Answers may vary)
The attack probably affected
1-) (Tax Rates) Suppose taxes are related to income level as follows:
a. What percent of income is paid in taxes at each level?
b. Is the tax rate progressive, proportional, or regressive?
Economics 1A 45274 ONLINE
Principles of Macroeconomics
Deniz Demiray, Ph.D.
A transfer level course, Economics 1A is acceptable for transfer credit by both
the University of California and the California State University