Reference no: EM132349123
Assignment: Read the following two statements taken from a Forbes article in December 31, 2013.
Statement 1: "there is a certain crowd in Washington who, for the last few decades, have said, let's respond to this economic challenge with the same old tune. The market will take care of everything, they tell us. If we just cut more regulations and cut more taxes - especially for the wealthy - our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn't trickle down, well, that's the price of liberty."
Statement 2: "there is a certain crowd in Washington who, for the last few decades, have said, let's respond to this economic challenge with the same old tune. The government will take care of everything, they tell us. If we just pile on even more regulations and raise taxes - especially on the wealthy - our economy will grow stronger. Sure, they say, there will be winners and losers. But if the losers are protected by more social programs and a higher minimum wage, if there is more Quantitative Easing by the Fed., then jobs and prosperity will eventually trickle up to everybody else. And, they argue, even if prosperity doesn't trickle up, well, that's the price of a social safety net."
These statements are based upon the US economy and different, well-known, economic governmental philosophies implemented frequently. These are very BIG economic statements which means these statements refer to many different aspects of macroeconomic government policy. During this course, we have already discuss some some portions of these theories and will eventually discuss other portions of these theories.
1. Which philosophy do you agree with? Why? Narrow down your thoughts to one aspect of these macroeconomic policies, i.e taxes (more or less), government spending, government welfare spending, monetary growth, effects of government regulation, etc.
2. Find at least TWO ECONOMIC journal articles that either agrees with or disagrees with the philosophy that you have chosen in #1.
3. Find a popular press article that argues the OPPOSITE
4. Summarize your journal article as it refutes your popular press article. This summary should be in terminology that could be understood by your fictional high school senior.
5. Your summary should be at least 500 words.
Your assignment MUST focus on economic issues.
What are the two causes of greenhouse gases
: What are the two causes of greenhouse gases?
|
Define what was already stated in the article
: Using 300 words, write a brief discussion, in your own words of how the article relates to the selected chapter Key Term. A discussion is not rehashing what.
|
Challenges of emissions in honduras
: What are the political challenges of these emissions in Honduras? Please provide examples.
|
What are the security challenges for a growing global
: What are the security challenges for a growing global population in Honduras. Please provide examples.
|
What are the aspect of the given macroeconomic policies
: Read the following two statements taken from a Forbes article in December 31, 2013. Statement 1: "there is a certain crowd in Washington who, for the last few.
|
Summarizing several different relevant economic issues
: For our remaining Residency assignments, we will be researching, evaluating, and summarizing several different relevant economic issues.
|
Describe the causes of and common types of fraud
: Internal controls and accounting systems-AAT Level 4 Diploma in Accounting-
|
What are the basic types of economies
: Locate one journal article for each of your two chosen economic types. You need to focus on the Abstract, Introduction, Results, and Conclusion.
|
What are the economic challenges of emissions
: What are the economic challenges of these emissions in Honduras and please include examples?
|