Every country has its own currency. The value of a country’s currency is directly related to its economics. Therefore, the value of each country’s currency is different. The question becomes, “How can countries and businesses do business with each other when the value of each country’s currency is different?” The answer is The Currency Exchange […]
Your son is graduating from high school and is about to enter the work force. He has developed a strong curiosity about our economic system and how it works. Because you have a good understanding of basic economics, he has asked you to explain several concepts that are essential to an understanding of how the […]
This paper must be a summary expression of a new infromation, understanding and perceptions learned in each section, unanswered questions that could be a possibly insight or a solutionn to a topic covered. Must be in a first person voice. The required book is: Economics: Private and public choice Author: Gwartney, James. D, Macpherson, David […]
What is an economic cost and why do all decisions include an economic cost? 2. Describe the advantages of using money compared to an economy that does not. 3. How does gross investment differ from net investment? 4. How do we measure unemployment and why are some people considered not unemployed even though they are […]
When there is a recession, the Federal Reserve Bank acts to decrease the interest rate to stimulate the economy. Research and describe some actions taken by the Federal Reserve Bank during times of recession in the last 100 years. – Do you approve of the monetary policy implemented by the Federal Reserve Bank that you […]
Discuss one microeconomic issue covered in class that personally relates to you. The microeconomic issue that personally relates to me is “Rising Prices of a Specific Good, Service, or Resource.” Collect articles from magazines, newspapers, radio, podcasts, etc. (these can be electronic versions) that relate to your microeconomic issue you describe. You will need 3 articles […]
Discuss immigration and its effects on America’s economic system.
The Federal Minimum Wage is far lower in real terms now than it was when it was raised in 1969. Many states already have passed laws to raise their Minimum Wages to $15 over several years. Would an increased Federal Minimum Wage be a good idea? Would it cause unemployment? Should it be indexed to […]
answer the follows questions how important is the division of labor to a capitalist economy? how does the division of labor lead to more efficient production? what are some examples of division of labor and specialization from your personal experiences?