Describe “bank runs.” How can “bank runs” be avoided?
What will be an ideal response?
A “bank run” is a situation where large numbers of depositors run to their banks to withdraw their money. These panic runs are often fueled by rumors that banks are about to go bankrupt. Bank runs are highly unlikely if the banker’s reserves and lending policies are prudent. Another way to avoid bank panics is by having an insurance system, such as the Federal Deposit Insurance Corporation (FDIC) in the United States, which insures checkable deposits up to a certain limit in the event that a bank goes bankrupt.
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Identify and explain 4 of the difficulties in making cross-country comparisons in health care outcomes
What will be an ideal response?
In the case of a small country, consumer surplus
A) decreases less with a tariff than with an equivalent quota. B) decreases less with a quota than with an equivalent tariff. C) is not changed by tariffs or quotas. D) decreases the same with tariffs and equivalent quotas. E) increases more with quotas.
What type of economic policy did Mexico follow from the end of World War II until the 1980s? Describe the three-stage strategy that supporters of this policy emphasized. What was the outcome of these policies for Mexico's manufacturing sector?
What will be an ideal response?