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Scenario: Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing a report to introduce some of these thoughts and principles.
Develop a 1,050-word report to the members of the strategic planning committee explaining the following information:
How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources.
Using the circular flow model, explain the flow of money and goods in an economy.
How the economy coordinates society's independent economic actors.
A country's gross domestic product (GDP) and how it is defined and calculated.
How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living.
Format the assignment consistent with APA guidelines.
Describe an important insight of Keynesian economics (aggregate supply and demand equilibrium, aggregate expenditures and income expenditures equilibrium) and give an example.
The financial crisis was brought on by unethical traders in the financial market. To prevent this from happening again traders and CEOs need to understand the principals of corporate governance and ethics."
A married couple is considering purchasing a new sport utility vehicle (SUV) 5 years from now. They expect the SUV to cost $32,000 at the time of purchase.
In 2007, the price of gasoline in Canada was higher than it had been in 2006. Also in 2007, more gasoline was purchased in Canada than had been in 2006. According to the law of demand, higher prices cause lower quantities demanded, not higher.
Given the Demand curve for flyswatters Q = 500-50P, estimate the quantity demanded for the following prices.
Are we able to make an inference about competitiveness of an industry from profitability? Or would we need more data to see the competitive level of an industry?
Discuss should the government minimize unemployment rate? What will happen if the unemployment rate is too low?
Company A successfully launches a hostile takeover of company B, in which company A purchases all the assets of company B.
In the short-run, machinery is fixed also labor is variable for a business that uses only these two inputs. If, at the current level of output, marginal product of labor is declining
Describe the president's relationships with the public, Congress, and the media, and how each plays a role in his success as president. Give one specific piece of advice to the next president about how to be successful. Give one specific piece of ..
Carefully explain what happens to the demand for a Giffen good
1. Who has absolute advantange in chocolates Who has absolute advantage in shirts 2. Who has comparative advantage in chocolates Who has comparative advantage in shirts 3. If these nations trade freely, what does the U.S. import from Switzerland
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