Chapter 17, Globally Free Markets for the Twenty-First Century? Video Solutions, Economic Issues and Policy (with InfoApps 2-Semester Printed Access Card)

Problem 1

Are you an economic liberal or conservative? What is your view of government social programs, taxes, and regulation of business?

Check back soon!

08:05

Consider the U.S. supply-side policies and proposals of the 2000 s, such as reductions in taxes and environmental regulations. Do you expect these policies to achieve efficiency and economic growth? Do you expect the benefits of these policies to trickle down to all?

Md.Daniyal Arshad

Numerade Educator

01:34

Problem 3

What do you think about some of the specific conservative tax policies and proposals, such as replacing the personal income tax with a consumption tax and reducing the capital gains and dividends tax? Do you think these would be effective in creating economic growth? How do you feel about the effect they would have on U.S. income distribution?

Erwin Antoni

Numerade Educator

01:25

Problem 4

How might the U.S. government encourage greater research and development? How would R\&D benefit the economy?

Oluwadamilola Ameobi

Numerade Educator

00:31

Problem 5

Suppose that the government of a formerly socialist country decontrols prices and permits them to rise to market levels. How can the government assist lowincome consumers who might be unable to afford higher food and other prices?

Jennifer Stoner

Numerade Educator

01:13

Problem 6

Assume that the process of privatization continues successfully in Russia. Would all the problems of Russian industry by solved? What other policies may be necessary?

Riham Bassal

Numerade Educator

02:13

Problem 7

Use the Central Intelligence Agency (CIA) World Factbook at http://www.cia.gov/cia/publications/ factbook/index.html to look up the current economic situation in any one of the Eastern industrialized countries. Has GDP been increasing or decreasing? How high is the inflation rate? How do some of the standards of living (life expectancy, infant mortality rate, and so on) compare with those presented in Chapter 10 for developing countries?

Xiaomin Bian

Numerade Educator

Problem 8

How have international conditions outside the control of developing countries exacerbated the problem of international debt? Do you believe it is right for the IMF to stipulate conditions when providing financial assistance to debt-ridden developing countries?

Check back soon!

Problem 9

Go to the International Monetary Fund (IMF) Web site at http://www_imfsite.org. It provides links to countless statistics, reports, and other global information, including the transformation of countries to capitalism.

Check back soon!

Problem 10

Go again to the International Monetary Fund (IMF) Web site (http $/ /$ www_imfsite.org) and click "Conditionality" to learn more about the history, role, operation, and effectiveness of IMF conditionality (in the IMF view).

Check back soon!

00:18

Problem 11

Use the World Bank Web site (http://www.worldbank. org) to look up debt information on a developing country of your choice. Look for the debt service ratio, which is the ratio between debt service (annual repayment of debt plus interest) and export earnings and which is written as Total Debt Service/Exports. This ratio is the best indicator of the debt burden of an individual country.

Erika Bustos

Numerade Educator

12:38

Problem 12

Go to the home page of the World Bank at http://www. worldbank.org to discover the wealth of information on worldwide economic and social indicators, including information on savings rates, standards of living, and international debt. To obtain data quickly, click a country of your choice to obtain the most recently available data.

Md.Daniyal Arshad

Numerade Educator

03:01