Pearson Education, in collaboration with the world's leading newspaper, The New York Times, is pleased to offer educators and students a carefully edited collection of recent New York Times articles for Economics.
Article:
"Bush Accuses Vietnam and China of Dumping Shrimp on the US Market"
Questions:
- Find one example of a macroeconomic issue in this article.
- Find one example of a microeconomic issue in this article.
- The article made it clear that shrimp are the most popular seafood import into the United States. How would Adam Smith explain this observation?
- The term "fair market value" is continually mentioned in this article. Actual prices are compared to this "standard". What other term could you use to describe "fair market value?"
