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Q: 21
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- What are our nation’s major macroeconomic goals? Are they in conflict with each other? Under what conditions would a nation be able to currently produce more of both consumer and capital products?How does innovation disrupt the flow of an economy to any given organization? DiscussDo you believe the global village concept has been realized? If you do, why? If you don’t, given the nature of developments in the world today, do you have an idea of when we might see the fruition of the global village concept?
- What would be another example of a system in the real world that could serve as a metaphor for micro and macro economicsWhat does productivity growth has to do with economics?What are the roles of economic institutions in global economy? Do these organizations have accountability in the problem of globalization?
- Why do economists pay more attention to national economies (for example, the U.S. or Canadian economies) than to state or provincial economies (such as California or Ontario)?Why global cities are considered “strategic sites” to manage and guide the global economy?Explain why the three goals (economic growth,low unemployment, and low inflation) of macroeconomics are relevant?
