Manual of References and Exercises in Economics for Use with Volume II. Modern Economic ProblemsFetter, Frank A. (Frank Albert)
General
Manual of References and Exercises in Economics for Use with Volume II. Modern Economic Problems
Fetter, Frank A. (Frank Albert)
Economics -- Examinations, questions, etc.
6. When gold comes out of the mine is the gain to the community
greater or less than when the same value of grain is harvested?
7. Are men wealthy in proportion to the money they have? Are
countries?
8. Would a nation be poorer, if, like Sparta, it prohibited all money?
9. Is a community poor because it has little money in circulation or
does it have little money in circulation because it is poor?
10. Could a country better do without money, horses, or roads?
11. Why does nearly all the gold produced in California leave the
state? What keeps any of it there?
12. The mint price of an ounce of gold, .900 fine, is alike at San
Francisco and Philadelphia, $18.604. Why is gold ever shipped from
California to New York?
13. Does gold cost the day-laborer as much in California as in New
York?
14. Note any habits of friends that result in their carrying more or
less money than others of the same income.
15. What determines the amount of money needed by different persons,
towns, states, and nations?
16. Give examples of things that increase the demand for money.
17. On an isolated island would it make any difference as to the value
of money if there were but one gold-mine or several competing ones,
supposing that the output were the same?
18. What per cent. of the total money in the world is the yearly
output of gold; of silver; of gold and silver? Stat. Abst.
19. Is the value of gold and silver due to the action of government?
20. In what ways may the government determine the value of the
monetary standard?
21. If all the different denominations of media of exchange were
doubled in number, exchanges remaining unchanged, what would be the
effect upon prices?
22. Is it true of all commodities that changes in supply affect their
value proportionally? Is it true of money? If in your opinion there is
any difference, explain it.
23. If the amount of coal in a country should be increased twenty-five
per cent., in what percentage would you expect the value of coal to
change? Give reasons. If the amount of money in a country should be
increased twenty-five per cent., in what direction and in what
percentage would the value of money change? Give reasons. (In each
case the condition is "other things being equal.")
24. If in a given community all watch cases were made of gold, and
each case contained one ounce of gold, would you expect the value of
watch cases to fall by exactly one-half if the number of watch cases
in the community were doubled, all other things remaining the same? If
in another community (at another time) all exchanges were made
exclusively by the use of gold coins, each containing an ounce of pure
gold, would you expect that prices in general would be exactly doubled
in case no change occurred in the community except a doubling of the
number of coins in circulation?
Public-domain text, read in full here on John Shaqi.
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