Convergent and Divergent Thinking

Have you ever found yourself faced with a substantial challenge and realized that you had no idea how to begin addressing the problem? Many people, when they want to overcome a difficulty or problem, wait for “inspiration to strike.” As you’ve learned in this course, however, being creative is not a process of passively waiting … Read more

facts that support free trade

Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences. What are some examples of goods that the U.S. has … Read more

What is the basis of international trade?

Where was it made? Anyone wearing “Made in America” items of clothing today? We sometimes hear people say “Buy American.” Why don’t we? What is the basis of international trade? What are the benefits and the costs? Under what conditions would you advocate for trade restrictions?

What causes the value of the U.S. dollar to rise or fall?

What is happening to the value of the U.S. dollar these days? What causes the value of the U.S. dollar to rise or fall? Who demands U.S. dollar? Who supplies U.S. dollar? When we purchase German products, does our demand for euro go up or down? What are freely floating exchange rates all about, and … Read more