Solution-What principles society uses to allocate its

What principles society uses to allocate its scarce resource

Assignment Help Public Economics

Reference no: EM131205685

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 an 875-word report to introduce some of these thoughts and principles. Use Chapters 1, 2, 3, 4, 5, 6 and 7 in Principles of Macroeconomics as your only source.

Explain the following information in your report to members of the strategic planning committee:

• 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 consistent with APA guidelines.

Reference no: EM131205685

Questions Cloud

What will be the firm operating cycle : What will be the firm's operating cycle? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)

How the article fits with your research paper : Create your own annotated bibliography with the sources you are using for your research paper.-Assess the sources claims and explain how the article fits with your research paper.

Should a1 go neck to neck with lawry steak sauce : Lawry steak sauce recently announced it is going to run an Independence Day promotion where a bottle of Lawry steak sauce will be 2.99. A.1. sells for $4.99 per 10 ounce bottle. Should A1 go neck to neck with Lawry's steak sauce

Organize the references in alphabetical order : Provide a descriptive summary of at least 150 words for each reference. Evaluate the relevance and applicability of each reference to your chosen topic. Organize the references in alphabetical order.

What principles society uses to allocate its scarce resource : How the economy coordinates society's independent economic actors? How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources?

What will be the firm operating cycle : What will be the firm's operating cycle? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)

Optimal cash return point : What will be its optimal cash return point? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places.)

What will be its optimal cash return point : What will be its optimal cash return point? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places.)

Relationship between personal ethics and business ethics : What do you feel is the relationship between personal ethics and business ethics? Are they or should they be the same?

User Account

All Pages

What principles society uses to allocate its scarce resource

Reference no: EM131205685

Reference no: EM131205685

Questions Cloud

Reviews

Write a Review

Public Economics Questions & Answers

Environmental economics assignment

Environmental economics

Commanding heights project

Underperforming economy

Understand different theories of social welfare

Theoretical analysis and discussion of economic principles

The american patent system was based on the presumption

Health economics assignment

Discuss one of the ingredients of growth pertinent to todays

What is public enterprise

Role of monitoring and evaluation in quality assurance

How does economics differ from a natural science

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT