when our nation enjoys economic growth, what usually happens to domestic economic problems? a. they are not affected b. they are solved completely c. they are made worse d. they are more easily resolved
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when our nation enjoys
a. they are not affected
b. they are solved completely
c. they are made worse
d. they are more easily resolved
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- (1) Why is entrepreneurship considered a factor ofproduction? (2) Why is GDP considered a moreaccurate measure of a country’s economic health thanGNP?Compare and contrast the use of government spending changes versus tax changes as a means of influencing the course of the economy. Is one or the other preferable in specific situations? A class is debating on two opposing viewpoints: 1- The best way to manage the economy is through tax changes. 2- Its' better to adjust the economy through government spending. What would a Neoclassical economist say? What would a Keynesian economist say? Which viewpoint do you agree with, and why? PART II: In this course we discussed several real complications that make monetary and fiscal policy more challenging than simple theory would suggest. Given Lebanon economic state and the causes of that state. What should be the appropriate mix of fiscal and monetary policy?What are the three types of economic systems? What criteria can we use to evaluate them? Explain.
- The Invisible Hand of a Market Economy 1. Adam Smith, in The Wealth of Nations, said the "invisible hand" determines what gets produce, how, and for whom. how individuals and firms working toward increasing their own wealth actually benefit society as a whole. For example, in the auto industry, the interactions between consumers and producers determine how many cars are produced rather than some central planning agency.5. Which of the following is NOT true about economic development? a. Managers can now take the improvement of managing their business, skills and training and education of human resources for granted since there is already a sustainable development b. Business managers must be aware of their economic decisions that it will not endanger the life of our mother earth. c. Societal improvement of the opportunities and general welfare of its member through the policy recommendations of different government institutions that may help boost their life through improvement of business and job opportunities and job quality, enhancement of skills for better productivity, better wages and the management of labor. d. Availability of benefits provided by science and technology has something to do with the different tools and equipment, inventions that makes the life of the people easier to cope with.Considering that the global economy changes, and there will be a continues record of high oil prices plus an additional slow down in consumer spending, relate your insights on how the major shipping businesses worries or struggles
- 1)Due to overcapacity in fishing in many countries, the fishing industry is characterized as "tragedy of the commons". Do you think this description is accurate in your view? Using theory, examine if the equilibrium outcome is economically efficient. Discussany good management policies to address the problem.1. What is economics, and how can you benefit from understanding basic economic concepts? 2. Compare and contrast the world’s major economic systems. Why is capitalism growing, communism declining, and socialism still popular?What is the largest disadvantage of COBRA? How was this addressed in the American Recovery and Reinvestment Act of 2009 (ARRA)?
- What is the Post-Keynesians policy response to the 2008 global financial crisis?In the history of the economy, there has been an understanding that the government does not need to intervene directly in economic activities. The economy is only based on market equilibrium (classical/micro economics). This understanding gave rise to the Great Depression. A. Retell the series of events of the great depression until an understanding emerges that there must be direct government involvement in economic activities! B. Give an analysis, what was the main cause of the great depression, even though at that time there was a very significant increase in production?