Reference no: EM13750780 , Length: 8 Pages
Economic Logic by Mark Skousen.
Two to three pages should be sufficient for each question.
1. In his book, Rewarding Work: How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197), economist Edmund Phelps offers this plan to help the working poor: apply tax credits for "qualified employers" or hire disadvantaged people for "eligible jobs." Evaluate this plan in terms of market incentives, one of the ten principles of economics, to work and current welfare programs. Is the Phelps' plan an improvement over current government policies? Discuss.
2. The availability of investment capital is critical for a market economy to grow. Explain how this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production. Also, explain how interest rates impact the availability of investment capital.
3. Your text, on page 629, lists three arguments for trade restrictions. Since economists do not favor trade restrictions, and this is a course in Managerial Economics, make the case as an economist against trade restrictions for these three items. Are there any arguments for trade restrictions that most economists would support? Discuss.
4. Who was responsible for the global financial crisis of 2007-2009? Free-Market capitalism, government intervention, or a combination of both? Identify the causes of the crisis, the steps the private and public sector took to resolve it, and what leaders should do to keep it from happening again. Remember, banks are profit making firms who supply capital to suppliers of goods and services.
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Write essay that discuss some of the reasons for mexican war
: Create an essay where you discuss some of the reasons for Mexican War, as stated by the author's stories.
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Change equipment between styles of hammers
: If a plant was designed to produce 7000 hammers per day but is limited to making 6,000 hammers per day because of the time needed to change equipment between styles of hammers, what is the utilization
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Salte cost of equity
: Sake Corporation is issuing new common stock at a market price of $31. Dividends last year were $1.65 and are expected to grow at an annual rate of 11 percent forever. Flotation costs will be 9 percent of market price. What is Salte's cost of equi..
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Assignment on leadership and change
: Choose one of the quotes, mottos or sayings OR provide one from elsewhere and share it with the class. As you do so, be sure to explain to us WHY you have chosen that particular phrase - what does it mean to you and how does it reflect what you ar..
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Who was responsible for the global financial crisis
: Free-Market capitalism, government intervention, or a combination of both? Identify the causes of the crisis, the steps the private and public sector took to resolve it, and what leaders should do to keep it from happening again. Remember, banks a..
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Summarize the pattern of international labor flows
: Compare and contrast how well each of the five theories did in terms of explaining the pattern of labor flow in region.
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The situation and enhance potential for success
: Leaders use their knowledge of how a situation will affect leadership to proactively change the situation and enhance potential for success
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Explain the history of sausage and types of sausage
: Explain the History of Sausage and Types of Sausage. Also define the Equipment for fabrication and All information about the history of sausage.
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Write a paper that describing the art work of pablo picasso
: Write a paper that describing the art work of Pablo Picasso. For the Observational Paper you must choose a work of art from the Museum of Modern Art in New York City.
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