Case 7

In the fall of 2001, Enron, the eighth largest corporation in the United States, declared bankruptcy unexpectedly, and investors lost approximately $60 billion. From your reading about this famous case, did Enron’s bankruptcy involve fraud? If so, what type?

1. Describe how the money supply is measured in the United States and how banks, the public, and the Federal Reserve can influence it.

2. Explain what we want the Federal Reserve to be independent of, why that is important, and what parts of its structure help give it independence.

6. A recent survey of 200 households in the United States showed that 8 had a single male as the head of household. A survey of 150 households in Canada showed that 5 had a single male as the head of household. At α =.05, can it be concluded that the proportion in the two countries is different?

The United States has a federal system of government in which power is shared by national and subnational political units. Discuss the evolution of federalism, beginning with the Constitutional foundations of federalism and ending with the current movement. Give an example of a contemporary political issue that illustrates the tension of federalism issues.

How did the economic disaster of the Great Depression, preceded by the roaring 1920s, cause a renewal of xenophobia in the US? Why would these two spectral changes cause this type of reaction again in the US? Do we see anything happening like this currently in the United States?

Do you believe that there are too many lawsuits in the United States? If so, do you place more blame for the problem on lawyers or on individuals who go to court? Is there anything that would help the problem? What, if any, are the positive outcomes of lawsuits?

*100 words or more*

Do you believe that there are too many lawsuits in the United States? If so, do you place more blame for the problem on lawyers or on individuals who go to court? Is there anything that would help the problem? What, if any, are the positive outcomes of lawsuits?

*100 words or more*  

Apply specific models developed throughout the course to demonstrate how domestic and foreign events (e.g., wars, changes in trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States for the 10 year time frame of 1973-1983