How might openness to the global economy influence the debate between policy activists and nonactivists?
What will be an ideal response?
An open economy is subject to shocks from abroad, making it hard for nonactivists to claim that macroeconomic stability will occur "naturally." Moreover, activists can argue that the coordination of policies across countries can improve stability for everyone.
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Computer memory chips are produced on wafers, each wafer having many separate chips that are separated and sold. The above table shows costs for a perfectly competitive producer of computer memory chips
If the market price of a wafer is $2,400 dollars, how many wafers will the firm produce? A) 0 B) 4 or 5 C) 3 or 4 D) 1 or 2 E) 6
For the top 1 percent of income distribution, the share of federal individual income taxes paid by households in this group in 2015 was ________ percent
A) 9 B) 17 C) 44 D) 68