AT Micro/Macro Economics

Questions for Janus' test 1. Please give me a detailed definition of GDP and then describe its strengths and limitations. 2. What insights did you learn from John List about how to reform our educational system? 3. Colander states that economists' mantra is free trade; however, in his chapter on "Comparative  Exchange Rates and Globalization", he sights a number of problems with it. What are they?

http://www.nytimes.com/2017/01/09/opinion/deficits-matter-again.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

DIRECTIONS:  please answer THREE of the following five questions. 1. What is the public policy dilemma that any need based governmental program creates? Cite a specific example of such a dilemma. 2. Explain the three different kinds of discrimination. What is the most difficult to eliminate? Why? 3. Explain why fairness and equality are such difficult concepts in the labor market. 4. What is the Lorenz curve? What does it tells about income distribution over time in the United States? 5. How good has the government been at redistributing income?

http://www.nytimes.com/2017/01/04/opinion/republicans-are-courting-disaster-on-health-care.html?smprod=nytcore-ipad&smid=nytcore-ipad-share