Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
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Question
Chapter 18, Problem 23AA
a.
To determine
To explain: The original saying of what the man in cartoon is referring.
a.
Expert Solution
Explanation of Solution
The man’s words in the play is a common saying. The original saying is “bull in a china shop”. This phrase refers to the situation where a person does not deal with the situation delicately and is quite rough in handling problems. This is due to the careless nature of the individual.
b.
To determine
To find: The representation made by the bull.
b.
Expert Solution
Explanation of Solution
The bull in the figure represents the economy of the United States. The economists hence are saying that there is a China shop in our bull.
c.
To determine
To find: The representation made by the China shop.
c.
Expert Solution
Explanation of Solution
The China shop represents the imports. Economists are saying that there is a china shop in our bull, by which they mean that there are products that are imported from China in the US economy.
d.
To determine
To explain: The message given by the cartoonist.
d.
Expert Solution
Explanation of Solution
The cartoonists want to say that there is scope of imports made by China in the US economy. The economy of United States is not sufficient for all products and many goods are imported from China. Economists are trying to figure the imports that are made in the economy of the Unites States.
Chapter 18 Solutions
Economics Today and Tomorrow, Student Edition
Ch. 18.1 - Prob. 1RCh. 18.1 - Prob. 2RCh. 18.1 - Prob. 3RCh. 18.1 - Prob. 4RCh. 18.2 - Prob. 1RCh. 18.2 - Prob. 2RCh. 18.2 - Prob. 3RCh. 18.2 - Prob. 4RCh. 18.3 - Prob. 1RCh. 18.3 - Prob. 2R
Ch. 18.3 - Prob. 3RCh. 18.3 - Prob. 4RCh. 18.3 - Prob. 5RCh. 18 - Prob. 1AACh. 18 - Prob. 2AACh. 18 - Prob. 3AACh. 18 - Prob. 4AACh. 18 - Prob. 5AACh. 18 - Prob. 6AACh. 18 - Prob. 7AACh. 18 - Prob. 8AACh. 18 - Prob. 9AACh. 18 - Prob. 10AACh. 18 - Prob. 11AACh. 18 - Prob. 12AACh. 18 - Prob. 13AACh. 18 - Prob. 14AACh. 18 - Prob. 15AACh. 18 - Prob. 16AACh. 18 - Prob. 17AACh. 18 - Prob. 18AACh. 18 - Prob. 20AACh. 18 - Prob. 21AACh. 18 - Prob. 22AACh. 18 - Prob. 23AA
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