1. What Are Three Economic Stances That A Government May Have?

In the beginning, there was no real stock market. However stock exchanges did take place in smaller groups and corporations. This all took place during the 1700's where stocks were already around for a long time before that but it wasn't really popular in the United States. Stocks originally started as auctions where traders called out names of companies and the shares available. There was a auction that took place and the shares went to the highest bidders.

4. You are now familiar with government and how it plays a role in our economy. What are the advantages and disadvantages of governmental involvement? What changes would you make to improve government’s role?

The “Stock Market” is a term that actually describes several markets such as the New York Stock Exchange NASDAQ, where the stocks of companies are traded. Shares in a company are sold and the shareholders then become part owners of the company. Offering shares of stock raises money for continued research and development of company products or services.

r. Explain how different beliefs about the federal government’s role in U.S. social and economic life have affected political debates and policies.

2. I do not believe that it is solely the role of government to promote economic

Economics is a multifaceted discipline, reaching into almost all parts of human life and society. As a result, economic policy on the national, supranational, and global level has an immense impact on human lives and on the inner workings of society. As such, determining the “right” type of economic policy to implement is a very controversial subject. Throughout the span of history, many schools of economic thought with specific theories and ideas about how the economy operates have competed, risen, dominated, and fallen. The ideology of the dominant economic school of thought at any point in history is strongly reflected by the types of economic policy that government leaders and legislators have implemented, and the effectiveness of those policies in addressing key economic issues has played a paramount role in not only determining the direction of future economic policy but also determining whether the currently dominant school of economic thought continues to dominate or if it proceeds to fade into history.

A stock market is an auction where investors buy and sell shares of publically traded corporations. We were given $100,000.00 to begin our stock portfolio. We had three weeks to buy and sells stocks. At the end of the three weeks, we were required to liquidate all of our investments to determine our gains or losses.

A stock market it shares stuff in a company and stocks and they’re sold. One example of a stock market is a shoe company the reason why I say this is because Shoe Company they have to stock new shoes and sell them to another shoe company so they can be sold or bought for other

• Resources (something used to produce something else) include capital like tools and equipment, land like natural resources and labor

In a public enterprise economy, the government has the power to nationalize any or all industries which can lead to devastating consequences. One the countries famous for doing this was the Soviet Union. Joseph Stalin, the then dictator of the Soviet Union instituted two domestic policies that would eliminate any capitalism in Russia. He would institute rapid industrialization and the collectivization of agriculture.This would be known as the Five Year Plan. Stalin wanted to change all private owned farms into state owned farms as he thought this would improve agricultural productivity. This grain was then expected to feed all the urban workers and any surplus would pay for programs and factories related to industrialization. He would put

Discuss how far recent UK economic policy has been successful in achieving the macroeconomic objectives.

The statement “I want my job back!” has become a war cry for the masses. Great amounts of money are being dumped into the economy, but with little to no return. The system is failing and people are becoming restless. In light of the recent “Occupy Wall Street” protests the question begs to be answered, “Are we going to get our jobs back?” With so many politicians declaring they have the answers, how can we find the correct path to follow? Something is missing from both plans, but first the plans should be discussed before criticism can begin. It is time for the government to return to a Laissez-faire “Hands Off!” economy.

(b) include the cost of the ticket plus the entertainment value of the concert in the opportunity cost of

Maintaining economic growth between 3-4% has been the Australian Government’s main economic objective. By managing sustainable level of economic growth, Australia may benefit through positive effects such as higher capita incomes and living standards. Although Australia has had relatively stable rate of economic growth during the 1990s to 2000s with an average of 3.3%, Australia has had issues including the depletion of natural resources, as well as high current account deficits that may affect the long term. Also, the pursuit of economic growth can impact on the level of inflation, leading to uncertainty about future spending and investment. These

a) Explain how different economic systems attempt to allocate scarce resources. Outline the economic system of the UK.