Why should a person living in the United States be familiar with the trade relationship between the United States and Mexico or Guatemala and the fact that this relationship is experienced differentially on either side of the border? How might that understanding affect you as a consumer of goods and media in the U.S.? How might it lead you to question the symbolic violence that supports the structural violence?

3. Would a pro-free market economist argue that garlic farmers facing competition from garlic farmers outside the United States (those foreign farmers can use very inexpensive labor) should be 'helped out' by the United States government (perhaps the government could give them some money)? Why, why not?

Explain how trade with low-wage countries affects jobs in the United States. How can the United States pay its workers higher wages than foreign nations and still be competitive in foreign markets? 80words

Although people may grow grapefruit in Idaho, why do they purchase most if their grapefruit from California and Florida?

1. Should U.S. companies should increase base pay (beyond the level that would be paid in the United States) to motivate employees to accept foreign assignments?
2. What are the main differences between health care systems in the United States and some other countries? Does it appear that the costs of health care programs are creating burdens for competitive advantage?

1. Consider the debt ceiling of the United States and the consequences of a default by the United States on its national debt.  Some commentators and politicians during the 2013 negotiations over raising the debt ceiling commented that failure to raise the debt ceiling would not have that dramatic an impact on world financial markets.  Comment on the consequences of a default by the US on its debt.

Assume we know that the population standard deviation of income in the United States (σ) is $6,000. A labor economist wishes to test the hypothesis that average income for the United States equals $53,000. A random sample of 2500 individuals is taken and the sample mean is found to be $53,300. Test the hypothesis at the 0.05 and 0.01 levels of significance. Provide the p-value.

Historically throughout the United States, families of four spend about $239 a week on groceries and food with a standard deviation of 50. Assume a random sample of 250 households is taken in the United States.

Q- If an even larger sample of 2500 households was taken and the SD remains the same, what is the new Standard Error of the estimate? Why did this occur?

Assume we know that the population standard deviation of income in the United States (σ) is $12,000. A labor economist wishes to test the hypothesis that average income for the United States exceeds $64,000. A random sample of 900 individuals is taken and the sample mean is found to be $65,000. Test the hypothesis at the 0.05 level of significance. What is the p-value of the test statistic?

An economics professor randomly selected 100 millionaires in the United States. The average age of these millionaires was 54.8 years. The population standard deviation is known to be 7.9 years. What is the 95% confidence interval for the mean age, of all United States millionaires? Interpret the confidence interval.

Point Estimate: ______

Critical Value:

Margin of Error: ________

Confidence Interval:______

Interpretation: