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Assignment
Scenario: 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 a report to introduce some of these thoughts and principles.
Develop a 1,050-word report to the members of the strategic planning committee explaining the following information:
• 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.
What incentives are created under a first come, first served allocation mechanism - The market system may not be efficient because people want more of the product.
Globalization provides Coke and Pepsi with both unique challenges as well as opportunities at the same time. It seems to a certain extent globalization has changed the industry structure but because of which factors? What are the factors? Outc..
If the Fed chooses the money supply at the same time as people are setting wages and prices, so that everyone has the same information about the state of the economy, then monetary policy cannot be used systematically to stabilize output.
Synthesize the primary ways in which consumer and provider incentives work together to achieve cost reduction under the Affordable Care Act (ACA). Provide at least one (1) example of such synthesis to support your response.
Assume two countries, West and East, want to decide whether to abate (control) their pollution or not. For simplicity assume each country have only two strategies, abate or do not abate.
how is an aggregate demand curve derived? what would cause the aggregate demand curve to shift to the right? explain
Which innovations in particular marked the transformation into a global player? What are the most critical barriers for continuous high growth in the future for Vestas?
Briefly summarize your views on whether the total expenditures for health care in the United States are too high. Provide your rationale, including the criteria you are using for your assessment.
a use the following table to find the real gdp in 2012 and 2004.itemquantity000s2004quantitynbsp000s2012price
Assume that income is RM70. What is the price elasticity at P = 8. Also, calculate arc elasticity at the interval between P=7 and P= 8.
Dependence of the saving rate, population growth rate, and depreciation rate on the capital intensity. Assume that the production function satisfies the neoclassical properties. a. Why would the saving rate, s, generally depend on k?
Discuss the criticisms of human capital theory put forward by proponents of screening theory. Discuss the most common indicators of educational performance and their strengths and weaknesses.
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