Internet Application Questions

1. More Labour Resources—What is the Evidence for Canada and France? Go to the

U.S. Bureau of Labor Statistic's Web site www.bls.gov/ and click Data and then Most Requested Series. Click International Labor Statistics and retrieve Canadian employment data for the period of the last 10 years. How many more workers were there at the end of the 10-year period than at the beginning? Next find the total employment growth of Italy over the last 10 years. In which of the two countries did "more labour resources" have the greatest impact on the nation's production possibilities curve over the 10 years?

2. Relative Size of the Military—Who's Incurring the Largest Opportunity Cost? To obtain military goods, a nation must sacrifice civilian goods. Of course, that sacrifice may be worthwhile in terms of national defence and protection of national interests. Go to the U.S. Central Intelligence Agencies Web site www.odci.gov/cia/publications/factbook/ country.html to determine the amount of military expenditures and military expenditures as a percentage of GDP, for each of the following five nations: Canada, Japan, North Korea, Russia, and the United States. Who is bearing the greatest opportunity costs?

IN THIS CHAPTER YOU WILL LEARN:

What markets ar

What markets ar

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