From the tables presented in Chapter 17, (See attached file) what did you find most striking or unusual in the given income levels and growth rates of the different countries? Are rich countries getting richer while the poor are getting poorer? Has the United States become more or less economically free and how might this … Read more
What helps economists forecast the economy? Imagine you are presenting the index of the leading indicators concept to a small group of newly hired analysts. Discuss the index of the leading indicators.Is the Phillips curve a helpful predictor? Why or why not?As a business person, how could you use this predictive macroeconomic information to help … Read more
Research and review credible sources to gain an understanding of the pros and cons of government intervention.The role of government in the economy is often debated by economists and business people. The debate ranges from having little to no government intervention to having a strong government presence in both business and social settings.Thinking through the … Read more
Address the following questions:How is unemployment calculated, and what is and is not included?What were the unemployment numbers for the latest three quarters in the USA?Why is unemployment mentioned in business news so often and used as an important metric for our economy?What might cause the unemployment numbers to be questioned from an accuracy standpoint … Read more
In order to participate in a knowledgeable debate, you must have a firm understanding of each side of the issue. Your textbook discusses minimum wage in detail and like many traditional economists, for the most part, does not support increases in the United States minimum wage citing the negative impacts that such increases may create. … Read more
Define capitalism and socialism and provide examples of countries for both structures.Next, discuss why capitalism and socialism are currently being spotlighted in U.S. politics giving the pros and cons to each organizational structure. Be sure to be specific and give supporting facts, not just opinions.Finally, address the question: Does capitalism create wealth inequality and is … Read more
Timmco, Inc. is a publicly traded corporation located in Denton, Texas that makes and sells high pressure industrial spraying equipment used in all sorts of commercial liquid spraying applications. It prides itself on top quality and promotes its products as “100% made in the USA”.Sales have been declining recently due to competition from lower priced … Read more
Timmco, Inc. is a publicly traded corporation located in Denton, Texas that makes and sells high pressure industrial spraying equipment used in all sorts of commercial liquid spraying applications. It prides itself on top quality and promotes its products as “100% made in the USA”.Sales have been declining recently due to competition from lower priced … Read more
Between 1966 and 1975, the Orkin Exterminating Company, the world’s largest termite and pest control firm, offered its customers a “lifetime” guarantee that could be renewed each year by paying a definite amount specified in its contracts with the customers. The contracts gave no indication that the fees could be raised for any reasons other … Read more
Coed Theatres (Coed), a Cleveland area movie theater booking agent, began seeking customers in southern Ohio. Shortly thereafter, Superior Theatre Services (Superior), a Cincinnati booking agent, began to solicit business in the Cleveland area. Later, however, Coed and Superior allegedly entered into an agreement not to solicit each other’s customers. The Justice Department prosecuted them … Read more