Coordinates society independent economic actors

Assignment Help Operation Management
Reference no: EM132783383

Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing an 875-word report to introduce some of these thoughts and principles. Use Chapters 1, 2, 3, 4, 5, 6 and 7 inPrinciples of Macroeconomics as your only source.

Explain the following information in your report to members of the strategic planning committee:

How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources

Using the circular flow model, explain the flow of money and goods in an economy.

How the economy coordinates society's independent economic actors.

A country's gross domestic product (GDP) and how it is defined and calculated.

How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living.

Reference no: EM132783383

Questions Cloud

Prepare the accounting treatment for the sale : Prepare the accounting treatment (with journal entries) for the sale of the computers and the related cost of goods sold on 16 April 2020
After-tax current yield be to covers cost of living : Your retired client has accumulated investment and retirement assets totaling $3,797,000 and is happy with an after-tax lifestyle of $206,000 a year.
Is the project performing better or worse than planned : Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
Show for Bridge Finance plc the amount that would be charged : Show for Bridge Finance plc the amount that would be charged to the statement of comprehensive income for the year ending 31 December 20X7
Coordinates society independent economic actors : How the economy coordinates society's independent economic actors.
Difference between the calculated average yield : The real? risk-free rate of interest is the difference between the calculated average yield on? 3-month Treasury bills and the inflation rate.
How much is the total share premium on december : How much is the total share premium on December 31, 2020?Shareholders donated 5,000 entity's own ordinary shares to the corporation
Discuss the fundamental risk and control issues : Discuss the fundamental risk and control issues associated with fixed assets that are different from raw materials and finished goods
What judicial approaches might be used to decide the case : The financial institution brought a lawsuit against KPMG for negligence. What judicial approaches might be used to decide the case?

Reviews

Write a Review

Operation Management Questions & Answers

  Kingdom of god to bring lasting transformation to society

How does the emphasis on obedience to Jesus in church planting help to avoid legalism? Based on what you have learned in this course, explain why ongoing church planting is essential for the kingdom of God to bring lasting transformation to society.

  Think about the technology needed to support daily task

Think about the technology needed to support daily tasks and functions within our organizations and how quickly technology changes.

  Which box or job will we be filling

Which Box is Yours? This week our learning has focused on organizing tasks into jobs, and filling those jobs with talented employees. Let's turn the tables for a moment - what type of job or career do we seek? In other words, which "box" or job will ..

  Discuss their personal philosophy of education

Write a well-developed and thought out essay that discusses their personal philosophy of education and pick 3 theorists that have influenced their philosophy.

  Individual components and the input and output of components

Which of the following statements about systems theory is NOT true? It concentrates on individual components and the input and output of those components. It provides the conceptual foundation on which the development of information systems is based...

  The project manager role during the contracting process

Which of the following BEST describes the project manager's role during the contracting process?

  How does google rank organic search results

How does Google rank organic search results? What elements are factored in this equation?

  Legal implications related to implementing the ability test

Discuss pros and cons and legal implications related to implementing the ability test.

  Explain how you will facilitate two-way flow of information

Explain how you will facilitate a two-way flow of information on team performance issues between your team and senior management.

  Explain one upside and the downside of contingency fees

Explain one upside and the downside of contingency fees.

  Supply chain strategy

Find an online article regarding a supply chain strategy that is used by a well-known company

  About the remark about religion

Write a memo to your employer on two pages or less on the following issue: You’ve been advised that your company’s Senior Account Manager has been forwarding emails complaining about the President of the United States to other people in the company a..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd