Description Many would argue that in a capitalistic economy, the government cannot provide goods and services as efficiently as the private sector. For example, most arguments for and against the Affordable Health Care Act center on the efficiency of the government in managing and operating a health care system. Do you think the government can provide goods and services to the public as efficiently as or better than the private sector? Support your conclusions with examples and applications. In a free-market economy, firms face some degree of uncertainty, or risk. Some of this risk is controllable, and some is not. Identify the different types of risk that a business might encounter in the marketplace and identify whether they are controllable or uncontrollable. How can a business incorporate risk into the decision-making process? Justify your choices with valid assumptions and logically driven arguments. Cite any sources using APA format 5-pages
Description Review the information available on the following websites. You will use that information to answer the questions below. What is inflation and how does the Federal Reserve evaluate changes in the rate of inflation? http://www.federalreserve.gov/faqs/economy_14419.htm Why does the Federal Reserve aim for 2 percent inflation over time? http://www.federalreserve.gov/faqs/economy_14400.htm Inflation and the Federal Reserve: The Consequences of Political Money Supply: http://www.cato.org/publications/policy-analysis/inflation-federal-reserve-consequences-political-money-supply The Fed Explains Inflation:http://www.frbatlanta.org/news/multimedia/12fedExplained_inflation.cfm The Inflation Project: http://www.frbatlanta.org/research/inflationproject/tutorial.cfm After watching the animations and reviewing the information on the preceding websites, respond to the following: CPI: Inflation Picks Up According to the BLS, the CPI rose 3.8% in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2%, while new car prices rose 3.8%, and medical care was up 3.2%. What percentage change in the CPI up until August is accounted for by the changes in the prices of food, clothing, and medical care? Given the changes in food, clothing, and medical care, by what percentage did the prices of the other items in the CPI basket change? Why did the prices of the other items change? What is the probable impact of the change of other items in the CPI basket? You must incorporate a minimum of three sources in addition to the text in this assignment. Your three sources may include scholarly sources, credible newspapers, trade journals, or websites listed here. Be sure to use OCLS to find these sources. Your entire assignment must be APA formatted.
Description Write a 1,050-word analysis on the following two topics: Increased government spending to fight recessions Balanced government budget Evaluate both the advocates' position and the critics' position. Determine which position you support and defend your position. Cite a minimum of 3 peer-reviewed sources not including your textbook. Format consistent with APA guidelines.
Description In this module, you were introduced to Aristotle's idea of eudaimonia, which emphasizes happiness and flourishing. Imagine you are 99 years old and looking back on your life. What do you think are the moments or actions that made you happiest? How would you determine whether your life was one which flourished? What role might virtue play in how you reflect? Use and appropriately cite this module's learning to support your ideas in a 2-3 page paper. I just need it revised. My teacher says it does not talk about anything it is supposed to. Thanks! lwhite_aristotle_02212016.docx
Description FYI - All the point are supposed to lie on the indifference curves for these questions even if they appear a touch off. Based on the budget constraint and 3 indifference curves shown here we know that: A. If pizzas cost $1 then apples must cost $0.20 B. If pizzas cost $1 then apples must cost $4 C. If pizzas cost $1 then apples must cost $0.25 D. If pizzas cost $1 then apples must cost $5 E. If pizzas cost $1 then apples must cost $1 How do I find the relative price? I tried finding the differences from the slopes but got different slopes. Please explain
Description Table 12.4 U.S. International Transactions, 2006 ($ billions) Current Account transactions Exports of Merchandise $1,023.1 Imports of Merchandise ?1,861.4 Balance of Trade (Goods) ?838.3 Exports of Services 422.6 Imports of Services ?342.8 Balance on Services 79.7 Balance on Goods & Service ?758.5 Income Receipts on U.S. Assets Abroad 650.5 Income Payments of Foreign Assets in the U.S. ?613.8 Balance on Investment Income ?36.6 Balance on Goods, Services, and Income ?721.9 Unilateral Transfers, Net ?89.6 Balance on Current Account ?811.5 Capital Account transactions, net ?3.9 Financial Account Transactions ?1,055.2 Change in U.S. Owned Assets Abroad U.S. Official Reserve Assets 2.4 U.S. Government Assets, Other than Official Reserve 5.3 U.S. Private Assets ?1,062.9 Change in Foreign Owned Assets in the U.S. 1,859.6 Foreign Official Assets 440.3 Foreign Private Assets 1,419.3 Balance on Financial Account 804.4 Statistical Discrepancy ?17.8 Table 12.4 provides U.S. International Transactions for 2006. The accounts are in balance in total even though there is a substantial deficit in the current account. What does a deficit in the current account represent? What accounts offset the deficit in the current account to bring the accounts into balance in total? What do these accounts represent? How does your explanation help you to interpret Figure 12.4? Your 200 word answer should focus on selecting and organizing your most relevant comments in a coherent fashion.
Description Read the article, "Can This Man Feed the World? Billionaire Harry Stine’s Quest to Reinvent Agriculture – Again.” Based on the article, evaluate the challenges that a farmer will face given the low cost global competitors. What support is needed from the United States’ government to help protect farmers to be able to compete in the global economy? Respond to at least two of your classmates’ posts.
Description Determine what fiscal policy measure has a more direct impact to the economy, an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous month. Explain your reasoning.
Description 1 Barter transactions involve the use of money. True False 2 The use of money as a medium of exchange represents the most important service that money renders. True False 3 Currency includes demand deposits. True False 4 The money supply known as M1 includes all assets that are good stores of value. True False 5 A primary tool of the Federal Reserve System is open market operations. True False 6 Commercial banks and credit unions create money in concert with the Fed. True False 7 Providing a secure place for savings is not a major function of financial institutions. True False 8 The Fed's reserve requirement ratio can reduce the monetary base. True False 9 If bankers want to retain reserves of 25% against all deposits, if the Fed issues $100 billion in currency, and if private individuals keep all money in banks, then once the banks are fully loaned up, the money supply will consist of $400 billion in demand deposits. True False 10 The Long-run Aggregate Supply Curve that is compatible with the classical macroeconomic model is a vertical line at full employment. True False 11 When the federal government spends more than it collects, it must issue more debt or more monetary base. True False 12 Keynesians tend to believe that massive tax cuts and new government spending are cures for recession. True False 13 There are currently 13 Federal Reserve Districts. True False 14 One of the 3 tools of the Federal Reserve is fiscal policy. True False 15 Monetary policy of the Federal Reserve affects the monetary base to achieve its goals of rates of inflation and interest. True False 16 The buying of securities in the open market by the Federal Reserve will augment the monetary base of the economy. True False 17 The selling of securities in the open market by the Federal Reserve will actually decrease the monetary base by reducing the amount the banking system will ultimately be able to lend. True False 18 The Federal Funds Market is actually monitored and manipulated by the Federal Reserve, but individuals can actually enter the market and borrow funds if desired. True False 19 The short-run Phillips curve is a curve that shows the relationship between the inflation rate and the pure interest rate when the natural rate of unemployment rate and the expected inflation rate remain constant. True False 20 When interest rates are rising, the tendency is for holders of M1 to get out of M1 and move into M2 and M3 due to the opportunity costs of holding M1. True False 21 The science of macroeconomics: * solved the Great Depression. *did not solve the Great Depression but kept the U.S. economy from suffering. *emerged during the decade of the Great Depression. *did not evolve until after World War II so had no connection to the Great Depression. 22 The tax cuts passed by Congress in 2002 to help move the economy more rapidly toward potential GDP are an example of: *automatic fiscal policy. *discretionary fiscal policy. *lump-sum taxes. *contractionary fiscal policy. 23 In the post-World War II period, considerable growth in total production took place in the U.S. But at the same time, businesses were dumping their waste into the Great Lakes with minimal cost to themselves, significantly polluting the bodies of water as a result. This occurrence is an example where: *real GDP gives an overly positive view of economic welfare. * real GDP gives an overly negative view of economic welfare. * investment would have been a better measure of total production. *the pollution counts as a final good. 24 A Phillips curve measures the relationship between: * the unemployment rate and inflation. *the level of money wage rates and GDP. *unemployment and GDP. *inflation and GDP. 25 In order for the United States to repay its international debt, the United States would need to: * have a current account deficit. *cut taxes. *have a surplus of imports over exports. *have a surplus of exports over imports. 26 If the CPI was 122.3 at the end of 2007 and 124.5 at the end of 2008, the inflation rate over these two years was: * 1.8 percent. *2.5 percent. *22.5 percent. *18.0 percent. 27 A demand-pull inflation initially is characterized by: * increasing real output and a labor shortage. *increasing real output and a labor surplus. *decreasing real output and a labor shortage. *decreasing real output and a labor surplus. 28 The labor force is the sum of the: *working-age population and the number of unemployed people. *number of employed people and the working-age population. *number of employed people and the number of unemployed people. *total population and the number of unemployed people. 29 In 2005, Armenia had a real GDP of approximately $4.21 billion and a population of 2.98 million. In 2006, real GDP was $4.59 billion and population was 2.97 million. From 2005 to 2006, Armenia's standard of living ________. *increased *decreased *did not change *might have increased, decreased, or remained unchanged but more information is needed to determine which. 30 According to real business cycle theory, a fall in the real interest rate ________ current labor supply and ________ current employment. *increases; increases *increases; decreases *decreases; increases *decreases; decreases
