User Account

All Pages

Are there any flaws in this economist''s logic

Assignment Help Business Management
Reference no: EM131704565

An economist said "Since the consumer is sovereign, and consumption is the end purpose of all production, therefore the economy is consumer driven, and we need to try and do what's right to stimulate consumption. Production will then follow.

Are there any flaws in this economist's logic? Which should government promote first - consumption or production? or neither?

Reference no: EM131704565

Questions Cloud

Establish accounting standards for hospitals : They wondered why three different bodies established accounting standards for hospitals. Give reasons for and against the existence of three accounting standard
What happened during the 2007-2009 recession : Utilize the dynamic aggregate demand and aggregate supply model animations and videos in MyEconLab to analyze the macroeconomic
What is the net accounts receivable balance : What is the net accounts receivable balance at the end of the year after the adjustments have been made? Adjusting entry to record the bad debt expense for 2012
What is the calculated chi-squared value : How big is the minimum required sample size that would allow you to meet your confidence and precision goals?
Are there any flaws in this economist''s logic : An economist said "Since the consumer is sovereign, and consumption is the end purpose of all production, therefore the economy is consumer driven
Discuss the need for an accounting standards-setting body : (Accounting standards-setting procedures) Several not-for-profit organizations use television campaigns to obtain pledges to contribute cash.
Explain whether you think the emperor''s elaborate tomb : Explain whether you think the emperor's elaborate tomb was motivated by power or religious beliefs
Achieving internal balance : Assume that Malaysia is currently achieving internal balance, but experiencing a trade deficit. Also assume that Malaysia faces a relatively inelastic
Describe your experiences related to your setup of mysql : Describe the approach that you would take to go from a conceptual or logical model that you created to the implementation of that database structure in MySQL.

Reviews

Write a Review

Business Management Questions & Answers

  Apply a six-step to problem solving process

When faced with a problem, what do you do to solve it? This assignment asks you to apply a six-step to problem solving process to a specific problem scenario.

  Completely destroy the property

An $800,000 property has 1/10 of 1 percent chance of catching fire that will cause damages of $100,000, and 1/20 of 1 percent chance of catching fire

  Components of information systems management

Write two-pages Research Paper identifying the key components of information systems management.

  Job or organizational matchcompare the importance of

job or organizational matchcompare the importance of matching applicants to the job and matching applicants to the

  The environmental compliance officer at a company

You are the environmental compliance officer at a company that is setting up a new paint coating line. Describe the steps you would take to determine if any hazardous wastes will be generated during processing and/or manufacturing which will need dis..

  Core capabilitieswhy are core capabilities an asset in

core capabilitieswhy are core capabilities an asset in operations management? are there any instances in which a firms

  Question regarding the measuring unemployment

(Measuring Unemployment) Suppose that the US noninstitutional adult population is 230 million and the labor force participation rate is 67 percent. a. What would be the size of the us labor force

  Identify the type of visual representation used

Identify the type of visual representation used (e.g. scatterplot), and describe how the visualization is used as a persuasive tool. Would alternative visualizations or choices have been more effective?

  Show evaluation and return on investment

Show the elements of evaluation and why they are important and also, discuss the return on investment for the organizations.

  Trade and labor mobility

Suppose that the U.S. dollars-Canadian dollars exchange rate is flexible and is determined by the forces of demand for and supply of the two currencies. Assume also that labor is mobile between the United States and Canada due to low transportatio..

  View model to three competitive brands

Select a packaged-goods product category, and apply the VIEW model to three competitive brands within that category. Define all four com- ponents of the model, and explain how each applies to your selected product. Then use the following procedure..

  What is and what is not a relationship

What is and What is Not A Relationship? CRM focuses on the relationship. Successful organizations use three steps to build customer relationships:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd