Entries by Hannah Wangui

Free trade with no government interference

September 12, 2019 in /by

Question Free trade with no government interference is certain to hurt some domestic industries that are not competitive globally. Workers in the U.S. textile industry, for example, may lose jobs to workers in lower wage economies. Yet consumers in the U.S. like to purchase inexpensive, quality goods. Government policy can affect demand through product standards, […]

 

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International trade

September 12, 2019 in /by

Question International trade allows a country to specialize in the manufacture and export of products that it can produce efficiently, and import products that can be produced more efficiently in other countries. Some patterns of trade are fairly easy to explain—it is obvious why Saudi Arabia exports oil, the United States exports agricultural products, and […]

 

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Indonesia’s economic growth

September 12, 2019 in /by

Question Indonesia’s economic growth has been hampered for decades, first because of the dictatorship of former President Suharto and the massive debts that were accumulated during his regime, and, more recently, because of the country’s excessive red tape and corruption that make it difficult to start a business. Transparency International ranks Indonesia among the most […]

 

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Your parents have accumulated a $170,000 nest egg

September 12, 2019 in /by

Question Your parents have accumulated a $170,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you and your sister, Courtney. However, Courtney has decided to forgo college and start a nail salon. Your parents are giving Courtney $32,000 to help her get started, and they […]

 

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