5.2.6 Economic Challenges Assignment.docx - Name < > 5.2.6...

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Name: < > 5.2.6 Modern Economic Challenges Assignment Total 30 marks In this unit, you have looked at some of the challenges and opportunities that emerge in various economies around the world – free marked economies, mixed economies, command economies and traditional economies. All of these types of economies strive to answer the questions of what to produce, how to produce and for whom to produce goods and services, and all have varying perspectives on the role of government in managing the economy. In this assignment, you will select two issues which challenge our understanding of modern economic systems from the list below. For each of your selected issues, you will research a case study/example and analyze how it answers some key economic questions. Modern Economic Challenges: 1. Offshoring of jobs/production from one country to another 2. Growing economic inequality within wealthy/developed nations 3. Sustainable/environmentally-conscious development of the economy 4. Increasing influence and wealth of large corporations 5. Protectionism and trade restrictions 6. Global economic inequality 7. Barriers to participation in the economy (women, BIPOC, education/skills) 8. Ineffectiveness of governments in responding to economic challenges 1 Vista Virtual School No Limits
Case Study #1 (15 marks) Issue # ________ (#1-8 from the list above) Case Study Example: _______________ (1 mark) Article/media URL: __________________ 2 Vista Virtual School No Limits Example (not in full detail) Issue # 5 protectionism and trade restrictions (#1-8 from the list above) Case Study Example: President Biden announcing “Buy America” requirement for all federally-funded spending Article/media URL:

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