Reference no: EM131536564
1: "For many years, the hands-off fiscal policies advocated by the classical economists held sway with American government. When times were hard, the prevailing response was to tough it out, awaiting the 'inevitable' turnaround. The lessons of the Great Depression and a booming wartime economy have since taught us, however, that government intervention is sometimes necessary and desirable-and that to an extent, we can take charge or our economic lives." Evaluate the foregoing quotation based upon the discussion of a brief history of macroeconomic thought and policies. How would you classify the speaker in terms of a s school of economic thought?
2: If the economy is operating below its potential output, what kind of gap exists? What kinds of fiscal or monetary policies might you use to close this gap? Can you think of any objection to the use of such policies?
3: Why does the failure to adjust the poverty line for regional differences in living costs lead to an understatement of poverty in some states and an overstatement of poverty in others?
4: The Case in Point on Income Inequality in the United States versus the continental Western Europe argues that people get, in effect, what they expect. People in the United States attribute success to hard work and skill, while people in Continental Western Europe attribute success to connections, luck and corruption. With what set of views do you agree? Explain.
|
Identify impact of your contributions to self and society
: Identify impact of your contributions to self, organizations, and society. Create a sense of meaning and purpose for yourself, organizations, and society.
|
|
Same level of productivity
: In Country 1 the rate of investment is 5%, and in Country 2 it is 20%. The two countries have the same level of productivity.
|
|
Compile statement from which to ascertain cost of material
: From the following information relating to a manufacturing business, compile a statement from which to ascertain.
|
|
Understand the basics of financial statement analysis
: The purpose of this assignment is to help you understand basics of financial statement analysis using financial ratios on the assets section of balance sheet
|
|
Policies advocated by the classical economists
: "For many years, the hands-off fiscal policies advocated by the classical economists held sway with American government.
|
|
How you frame argument to achieve your desired objective
: From either Toro's or the insurance company's perspective, how would you frame your argument to achieve your desired objective?
|
|
Determine the profits resulting from strategy
: Determine the profits resulting from this strategy. How much less you would earn with one price strategy and how much additional profit.
|
|
Show transfer to the profit and loss account at that date
: You are to make provision for the prepayments and accrual at 30th September, 1962 and to show the transfer to the Profit & Loss Account at that date.
|
|
Work overtime to increase number of daily haircuts
: An increase in the market price of mens haircuts, from $15 to $25 per haircut, initially causes a local barbershop to have its employees work overtime.
|