Week 9: Personal Assignment
Respond to the Chapter 17 Textbook “Questions for Discussion” 1, 3, 5, and 7 (one full paragraph each please).
Questions for Discussion 1
Suppose a lawyer can type faster than any secretary. Should the lawyer do her own typing?
Questions for Discussion 3
If a nation exported much of its output but imported little, would it be better or worse off? How about the reverse-that is, exporting little but importing a lot?
Questions for Discussion 5
Why did solar panel installers object to tariffs on Chinese-made solar panels (News Wire p,355)?
Questions for Discussion 7
Is a stronger dollar good or bad for America? Explain.
What is a leading export for Christmas Island? What types of products does it import? How are these related to the relative abundance of factors of production?
What is the leading export for Iceland? What types of products does it import? How are these related to the relative abundance of factors of production?