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In your view, what are the major economic challenges facing our society and, in particular, your generation?
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- In my view, the major economic challenges facing our society and our generation in particular would have to be the price of higher education and the current housing market. I can remember looking at different universities when I was applying to them and the prices of their tuition alone turned me away from them because I could simply not afford it without taking out large loans, which was something I was not willing to do. No matter where you end up going, you can expect to pay many thousands of dollars each semester for a full-time schedule. I have asked many adults how they were able to afford college working as much as I am to pay for it, and every person that worked throughout their time in college said that college was simply much more affordable than it is now. As for the housing market, mortgage rates are higher than they have been in the past 25 years. Houses that were around 150,000 dollars in the early 2000s are now worth over 350,000 to 400,000 dollars. I am at the point…what can the government do to provide awareness and knowledge about people who are not literate in economics or don't have background on it?Carefully explain how the principles of sustainable development can be incorporated in anyeconomic sector of your choice in the Caribbean. What are the roadblocks (if any) tosustainability in your chosen economic sector? Ensure that you use real-world examples tosupport your views.
- Please identify the terms for economicsWhy has the human population continued to grow despite environmental limitations? Do you think this growth is sustainable? Why or why not?what is creative destruction? How does it contribute to economic development and industrial churning and economic mobility of individuals?
- How can monetary policy, fiscal policy and financial sector regulation help in the fight against climate change? What are the economic costs associated with the transition to greener technology? Answer the question using proper references from research articles and journals.Which of the following terms is viewed by some economists as "contradictory"? Group of answer choices A. Strong sustainability B. Weak sustainability C. Natural Capital D. Sustainable GrowthContrast the experiences of the Ogoni people of Nigeria with those of the citizens of Alaska. How have they been similar and different? Do you think businesses or governments should take steps to ensure that local people benefit from oil drilling operations? How could they do so?
- Most economic problems arise in consequence of changes of circumstance. True or FalseCan an economic system based on the use of non-renewable resources maintain its standard of living forever? Discuss and state the conditions.How could impacted industries react to this change in economic conditions?