Which is greater in the United States today, the income gap or
the wealth gap?
Why is it sociologically important to make a distinction between
the two?
Explain the historical difference between the economic growth in
England and that in the United States. What were the major causes
of economic growth in each nation? What were the similarities and
differences?
Explain the reasons for the gender pay gap in the United States.
How would a system of equal pay for equal work change American
culture and social structure?
Which trade theory do you think best explain trade flows between
the United States and China? Why? Do you think that China is
pursuing an economic policy that can be characterized as
neo-mercantilist?
Which trade theory do you think best explain trade flows between
the United States and China? Why? Do you think that China is
pursuing an economic policy that can be characterized as
neo-mercantilist?
Which of the following is an explanation, using bargaining
theory, of why the United States went to war with Iraq in 2003?
Information deficiencies precluded a negotiated outcome. Saddam
Hussein was paranoid. George W. Bush was driven by revenge for
Iraq's attempt to assassinate his father. No agreements could have
been negotiated, so war was the only option.
7. Explain David Ricardo’s theory of income distribution and
economic growth. How and why did economic growth, in the absence of
international trade, lead to changing shares of wages, rent and
profit? How would these shares change? Why? What would happen to
the economy, in the long run, according to this theory? Explain
briefly.
Explain why the United States is a nation-state and why the
state of Minnesota is not. What changes would be necessary for the
state of Minnesota to become a nation and a state?