Explain how economics is used as a social science

Assignment Help Public Economics
Reference no: EM13116924

The news headlines during late 2012 and early 2013 were predominantly encompassed by the numerous deliberations between the President of the United States of America and the United States Congress regarding how to deal with the economic situations facing the USA.

The unrelenting debates concentrated on situations which included the USA's Fiscal Cliff, Debt Ceiling and the Continuing Resolution for the Federal Government. Thus, while referencing these economic situations and the economic principles and terminology described in the course textbook, explain the difference between Macroeconomics and Microeconomics. Also explain how economics is used as a social science and as a policy tool.

Write a two-page essay in which you address the issues outlined above.

Reference no: EM13116924

Questions Cloud

How much naoh is needed each day : NaOH + CO2 -> Na2CO3 + H2O. If the average human body discharges 745 g of CO2 per day, how much NaOH is needed each day for each person in the spacecraft.
Identify three combinations that are dna nucleotides : Identify three combinations that are DNA nucleotides.
Illustrate what is minimum coefficient of static friction : If an automobile rounds this curve at 30 {rm m/s}, illustrate what is the minimum coefficient of static friction between tires and road needed to prevent skidding?
Explain which is mean and which the median : The mean and median selling price of existing single-family homes sold in October 2005 were $216,200 and $265,000. Which of the following most accurately explains which is the mean and which is the median and why?
Explain how economics is used as a social science : The news headlines during late 2012 and early 2013 were predominantly encompassed by the numerous deliberations between the President of the United States of America and the United States Congress regarding how to deal with the economic situations..
Explain how long does it take for top to complete revolution : To get the top spinning, its string is pulled with a tension of 0.30. Explain how long does it take for the top to complete the first five revolutions? The string is long enough that it is wrapped around the top more than five turns.
What does bacteria cells have that plant and animal cells : What does bacteria cells have that plant and animal cells don't? What does animal cells have that bacteria and plant cells don't? What do plant cells have that animal and bacteria cells don't? What do all three have in common?
What would be the resulting freezing point of the solution : If 1.500 g of a solute having a molar mass of 125.0 g were dissolved in 35.00g of camphor, what would be the resulting freezing point of the solution.
Decision criterion-alterntive for optimistic decision maker : On the other hand, if the market is unfavorable. ken will suffer a loss of $200.000. But ken has always been a very optimistic decision maker.

Reviews

Write a Review

Public Economics Questions & Answers

  Environmental economics assignment

There are three alternative plans that indicate the benefits and costs associated with the construction of a Manitoba hazardous waste facility

  Environmental economics

There are three alternative plans that indicate the benefits and costs associated with the construction of a Manitoba hazardous waste facility (see table on next page).

  Commanding heights project

The purpose of this project is to promote better understanding of globalization, world trade and economic development, including the forces, values, events etc.

  Underperforming economy

Italy is a large European country with a staggering public debt and underperforming economy.

  Understand different theories of social welfare

Understand different theories of social welfare

  Theoretical analysis and discussion of economic principles

Theoretical analysis and discussion of economic principles

  The american patent system was based on the presumption

The American patent system was based on the presumption that social welfare coincided with the individual welfare of inventors

  Health economics assignment

Health economic theory and practice

  Discuss one of the ingredients of growth pertinent to todays

Discuss one of the ingredients of growth  pertinent to today's economy

  What is public enterprise

What is Public Enterprise

  Role of monitoring and evaluation in quality assurance

Explain the role of monitoring and evaluation in Quality Assurance Discuss Five tools that you can use to effectively monitor the activities of your school

  How does economics differ from a natural science

How does economics differ from a natural science like chemistry and formal science like mathematics? How is it similar to other social sciences like anthropology and political science?

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