Macroeconomics Essay Questions. Response Need Immediately.
I am trying to write a 3-4 page essay, and would like help with the following questions:
What phase of the business cycle is the United States currently in? Describe in detail. What is the latest GDP (both real and nominal) of the US? How has the GDP changed since the year 2007? What are economists predicting for the current year? What are some events that have occurred, or will soon be resolved that likely will affect the economy in 2011?
I've started on the paper, but am kind of stuck and could really use some guidance. If anyone can offer their assistance, I'd really appreciate it. I need detailed responses, please.© BrainMass Inc. brainmass.com October 25, 2018, 3:11 am ad1c9bdddf
Managerial Economics Discussion Questions
1. Do you mow your own lawn or do your own cleaning (if you do not have a lawn)? Use the concept of trade-offs to explain why you make the choice you made. Why might your choice be different than someone like Bill Gates or Oprah Winfrey? Are their trades-offs different from yours? Explain.
2. Briefly describe an example of a financial decision from your business, volunteer work you do, or your own household. List some of the opportunity costs incurred. Identify whether these costs were monetary or non-monetary.
3. Discuss the following statement from the standpoints of both efficiency and equity: "Everyone in society should be guaranteed the best healthcare possible."
4. Classify the following statements as positive or normative. Explain.
a. When a worker is laid-off, they ought to receive unemployment benefits until they find a job.
b. Markets are usually a good way to organize economic activity.
c. India has a comparative advantage over the U. S. in producing textiles.
d. The U.S. should import all of its textiles from India.View Full Posting Details