Pick any two questions (each question should be half a page)
1. The acceleration of economic growth in the last two decadeshas made economic decision-making more complex as multinationalconcerns must be taken into account. Explain.
2. The Information Revolution, an economic restructuringcomparable to the Agricultural Revolution and the IndustrialRevolution, has brought about new questions of social interest.Elaborate.
3. Climatologists agree that global warming is at least in partthe result of economic activity. The warming may lead to largeeconomic costs. How can individuals and nations satisfy theirself-interested desire for goods and services while also protectingthe social-interest of the environment?
4. Think about the trends in what and how goods and services areproduced in the U.S. and global economies. Do you think that atsome future time, there will be no jobs in the United States andall the jobs will be in developing economies?
5. Compare the scale of agricultural production in the advancedand developing economies.
6. China is currently the world’s second largest economy. It ispredicted to surpass the U.S. to become the biggest economy in thenot-too-distant future. How does this development influence thestrategic balance and the position of the United States? 7. Analyzethe U.S. real estate market.
8. During 2007, as oil and gas prices continued to increase, agrowing number of Americans called for the United States to becomeless reliant on Middle-Eastern oil. Would it make sense for theUnited States to try to become totally self-reliant in theproduction of oil? Why or why not?
9. Because wage rates are so low in Africa, why don't Microsoft,Cisco and other major corporations close down their Americanoperations and move to Africa?
