Macroeconomics

How much of the income in the United States is in the form of wages and fringe benefits?

In the Private Sector, there are many choices to be made by Business managers regarding which “projects” to borrow for and which “projects” to invest in.  These choices often contain a great deal of ______________________ as well as the potential for benefits (profits).

1. If an economy produces final output worth $5 trillion, then the amount of gross

Another economic concept is “Private Property”. Private Property is the right of private persons and firms to own property, land and resources. This allows businesses to own land and build what they want to build in order to successfully thrive in their work. Most of the country is privately owned by businesses, not the government. The government does have some power though, for example, a company may have to follow certain laws from OSHA, and can be shut down for disobeying laws. What this concept simply says is that anyone

1. College logo t-shirts priced at $15 sell at a rate of 25 per week, but when the bookstore marks them down to $10 it finds that it can sell 50 t-shirts per week. What is the price elasticity of demand for the logo t-shirts? Is the demand elastic or inelastic?

However, what many fail to realize is that some form of government regulation within a free-market economy, such as in America, is vital to its flourishment. Personally, I am in support of a free-market economy, but to an extent. The article, Faith in an Unregulated Free Market? Don’t Fall for it, stresses the importance of the presence of moderate government regulation. Without any form of regulation, “an unregulated competitive economy will inevitably spawn an immense amount of manipulation and deception” (Shiller NYT). The example is given that it is like when grocery stores put candy bars at the checkout counter; they know whining children will often force parents to make the additional purchase, providing the store with a way to draw in additional revenue. Amazingly, checkout-line items alone can draw in up to 17% additional profit for a business. With this in mind, it is the aims of the author to make his audience aware that without any regulation, “harmless” manipulation such as this may be exacerbated to a greater level. This could result in privately owned businesses charging their customers higher prices that people will have to pay because there are no governmental laws preventing them from doing so. I too believe that some form of regulation is necessary to prevent externalities like these from occurring in a free-economy. Without rules, the people within the economy

With the American general election cycle in full swing, one of the fundamental issues in play is the role of government. What is the place of Government? What should elected officials be doing? Do they simply protect personal liberties, or do they also establish safeguards and guidelines for various economic activities? Ask any two people and you’ll likely receive two different answers, so nuanced and complex is the issue. Policy can give incentives to business to act a certain way both domestically and abroad. Tax incentives in one region may cause a corporate to relocate (this happened to one of my favorite guitar manufacturers recently, as they moved production from Canada to California!). A central bank’s tweak in monetary policy to shift the cost of lending could ultimately move interest rates for consumers looking to take out mortgages or automobile loans. As we witnessed in 2008, the housing market is of international concern and a large central bank wields enormous power. While we like to call the Western economy a “free market,” there exists a multitude of government policies that impact the freedoms and movements of the economy, for better or for worse. I will present two specific examples of government economic intervention for your consideration, one that has helps economic activity and another that hurts it.

The government is the entity that wields the maximum power to pursue multiple objectives for the welfare of society. However, in a market economy, there will undoubtedly be less government control. Leading the individuals to make the decisions. Which will not have the benefit of the public good in mind. Without government intervention we won’t have regulations to protect consumers. As well as the distribution of taxation. Finally, the issue of the future laws being passed. To start it off, the government will make regulations to protect the well being of the consumer by taxing certain products to pay for them to be recycled, and to make sure businesses list ingredients on their food products so the consumer is aware of the contents. In other words, the government would be able to intervene if a company would sell a product that may have hidden labels that the consumer might not be aware of. Without this regulation the safety of the consumer would be in question. Another reason why government regulation is important is through taxation. Government often try, through taxation and welfare programs, to redistribute financial resources from the wealthy to those that are most in need. Taxation can help people who are unable to obtain products that may be seen as essential toward them. This means the government is able to aid people by funding essential services. Examples of this are things like public

Sweat stains are the first thing a person would notice about the jackets in the bag. You can see them from far, they are visible like stars in a dark night, a lot of them. Then there is a smell of rusty metals mixed with smell of stinky socks. There, a shine appear and gone in your sight before your brain makes a conscious thought, it was the reflection of light on the blade. The mask was soaking in a dark green tone, of course, it’s mixture of sweat and electric surface of the lame, it is, your honor. You fence.

Governments may intervene in the market system to fix prices above or below equilibrium if they believe that it is in the public interest to do so. Governments may intervene in the provision, regulation, maintenance and management of public goods to maximise the benefits to the

Questions based on “Too Big to Fail” movie Watch the movie and answer the following questions briefly. Upload your answers on Moodle using the Link “Submit Assignment on Too Big to Fail here”

1. Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100 per acre. However, if he raised soybeans, he could earn $200 per acre. Is he currently earning an economic profit? Why or why not?

The government makes the rules for almost everything in the United States. If we did not have the government to make rules and to make everything fair then things such as contracts would

7. Which of the following must be true if a firm is experiencing economies of scale?

Gov't 'sin tax' take hits P50B (Inquirer Business Govt sin tax take hits P50B Comments)