Econ HW And Discussion Essay.

1. Econ HW Part

1) Explain the difference among the seasonal, the frictional, the structural, and the cyclical forms of unemployment.

2)  Differentiate among PPI, CPI and GDP DEFLATOR.

3) Define natural rate of unemployment.

4) compare Demand pull inflation and Cost push inflation.

5) Treasure Hunt:

a) Go to www.cengage.com/sso (Links to an external site.)Links to an external site.

web site.

At Bookshelf of Arnold economics of 11th edition, click Economics Course Mate of Economics(11th ed) by Roger A Arnold.

Then, click “select chapter ” for Ch6 and try Ch6 Macroeconomic Measurement: price and unemployment to get access to “AZ glossary” under left menu bar.

Describe first Five(5) terms you see.

 

b) After watching”BBC Video ” of Ch 6 and 7 at www.cengage.com/sso (Links to an external site.) Links to an external site. , analyze the contents of those videos by relating into economic theories. (3 points)

 

 

 

2. Discussion Essay Part

Global outsourcing, is it good, bad or ugly?

In the recent years, we often  heard about global outsourcing  in US business.

 

Especially, when US economy was sluggish, one of major blames  went for Global outsourcing, due to US job loss to overseas.

 

Global outsourcing, is it bad?  because US manufacturing jobs went to China or India at the expense of US labors.

 

Global outsourcing, is it good? because US business can take an advantage of cheaper foreign labors to survive like an introduction of new technology such as robot or computer or can attract  insourcing from overseas.

 

Global outsourcing, is it ugly? because US business can exploit the sweat shops from overseas.

Global outsourcing, is it inevitable like new technology? The robot with artificial intelligence could replace human labors in the future.

Do you think that the higher corporate income tax of US encourages global outsourcing?

Give us your personal verdict over Global outsourcing.