ECON 2306 OPTIONAL INSURANCE ASSIGNMER

ECON 2306 -__
OPTIONAL INSURANCE ASSIGNMER
NOTICE:. To receive credit, this optional assignment MUST be received by-----
The value of this 0 PTJ 0 NAL individual assignment will depend on the score of your final exam as follows:
90 - 100+: 2 points;
85 - 89: 3points;
80 - 84: 4points;
75 - 79: 5points;
70 - 74: 6 points;
65 - 69: 7points;
60 - 64: 8points;
55 - 59: 9points;
0 - 54: 10 points;
On separate sheets of paper, please clearly answer the following questions to the best of your own ability and in
your own words. Be sure to show your work on all mathematical problems. You may consult your textbook &
class notes for assistance in this individual effort ... BUT refrain from using or copying anyone else's work!

5. What does the slope of a production possibilities frontier (PPF) reveal?

8. In terms of production possibilities frontiers (PPF's), give an example where it does not make sense for two
nations to trade.
15. What is meant by an "appreciation of the dollar in terms of euros"?
16. What is another way of expressing an "appreciation of the yen in terms of the dollar"?

20. What is meant by cross-subsidization
? How did it relate to the telephone & airline industries?
23. What is meant by the Latin word agio ?

28. What are the arguments (pro & con) related to protectionism
?
32. Which politician started the deregulation movement in the U.S. ? Which industry was targeted?
34. Compare and contrast deregulation
of the telephone and airline industries.
35. Describe how one determines the "limits on the terms of trade."
36. What is the formula for "cost minimization of an input" ? ... the "least cost combination of inputs" ?
37. What is meant by the G-67? What is meant by the G-20 ?
39. What is the Classical view of the economy? What is the Keynesian view of the economy?
40. What is Candarcet's
Paradox? What is Arrow's Impossibility
Theorem?
41. What is meant by new wave regulation?
Give examples.
42. In the United States, what was the first regulated industry? What was the regulatory agency?