Assignment: 9 Econ
Explain the relationship between Savings and Wealth, usually the concepts of flows and stocks. Is Saving
the only means by which wealth can increase? Explain.
The flow of savings causes the stock of wealth to change at the same rate.
List and discuss the five important labor market trends given in the first section of the chapter. How do
these trends either support or qualify the proposition that increasing labor productivity leads to higher
standards of living?
Real wages have gone u
Assignment 7 Rudy Anthony Sosa
Assignment: Why Nations Become Rich
Why do nations become rich and others remain poor?
Politics makes the difference, say economists Daron Acemoglu of MIT and James
Robinson of Harvard University in their new book, Why Natio
Assignment 6 Rudy Anthony Sosa
Why do some people oppose World Trade and argue both sides. What do
The WTO supposedly operates on a consensus basis, with equal decision-making
power for all. In reality, many important decisions get mad
Assignment 4: Saving and Investing
1. Describe a real or made up but realistic situation that could cause you or someone you know to
have to use money from a financial reserve. (3-6 sentences. 2.0 points)
Someone got locked up for starting a
Assignment 2: Financial Planning
1. Describe one short-term goal that you have and at least one thing you will need to do in order to
accomplish that goal. (2-4 sentences. 1.0 points)
2. Describe one long-term goal that you have and at least
1. Visit the website of a large national bank, regional bank, or credit union, and use the information you
find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank
of America, JPMorgan Chase, Wells Fargo, Citiban
Assignment 1: Economic Basics
1. Describe two examples of important things that financial planning skills can help you do, and
explain why these things are important to you personally. (4-6 sentences. 2.0 points)
Financial planning is good b
Rudy Anthony Sosa
Principles of Micro-Economics
How costly can it be to society and a country if a firm refuses to specialize and
-EXTREMELY COSTLY. The main purpose in any firm/business is to specialize
and exchange. If
Rudy Anthony Sosa
1. What is the Quantity Theory of money?
-the hypothesis that changes in prices correspond to changes in the monetary supply.
2. What explanation does the quantity of money theory provide for inflation?
Rudy Anthony Sosa
1. Give two ways that the financial system helps to improve the allocation of savings?
- The financial system in the US improves the allocation of savings in two ways, provides
information and helps savers share the
Rudy Anthony Sosa
1. Knowing what you know about the multiplier, why do you think that the Fed doesnt change the
reserve rate as it changes these other listed money creation factors? (discount interest rate, bonds rate
of interest, qu
Assignment 10: Econ
1. What is money and why do people hold money even though it pays a lower return than other forms of
- Money is a current medium of exchange in the form of coins and banknotes; coins and
banknotes collectively. The re
Economics 2 Extra Credit Assignment
Ending externalities can be done by companies and the society as a whole. Would a bank pass on
the cost of the tax to taxpayers? Interest in this idea comes in part from recent news that London
firms were largely absorb
Economics 2 Discussion 7
The revenues from the sale of aluminum may offset recycling costs, plastic bottles generate
considerably less revenue by comparison. Plastic bottles are likely to place additional collection
and processing costs
In my opinion raising the tax on cigarettes has not and will not lower the teenage smoking rate in
this country. According to this article everyone would like the price increase to make a difference
but the only difference this tax will make is to generat
Economics 2 Assignment 11
What is the major difference between an oligopoly and a firm in monopolistic
An oligopoly market structure is one in which there are a few large producers who are present in
the industry and account for most of the o
What important characteristics do all three types of imperfect competitive firms share?
In economic theory, imperfect competition is the competitive situation in any market where the
conditions necessary for perfect competition a
Economists like to emphasize that once we have achieved bare subsistence
levels of consumption the amount of food, shelter, and clothing required to
maintain our health we can abandon all reference to needs and speak only in
terms of wants. This linguisti
Economics 2 Assignment 5
Price elasticity of demand for a good is a measure of the responsiveness of the quantity
demanded of that good to changes in it price. Price elasticity of demand for a good or service
tends to be larger when substitutes for the go
Economics 2 Assignment 2 Burlison Cristy
What does it mean to begin to think like an economic naturalist?
Economics is based on the scarcity principle in conjunction with the cost benefit principle. You
have to discern between the theory and what people w
Stacy Wiley Economics 2 Current Event Final
Title: Health costs to surge without better prevention
Author: Julie Steenhuysen
Date: March 8, 2007
Subject: Rising healthcare costs and how by increasing prevention measures we could
See a decline in chronic i
Warren Buffet is considered one of the most successful investors in the world. He is the largest stockholder of
Berkshire Hathaway a textile company he turned into an extremely prosperous investment. He encourages investing
as though the company is your o
Economics 1 Extra Credit 1 Burlison, Cristy
Compare and contrast Capitalism and Socialism.
Capitalism is based on the individual operation of the business for self interest. Businesses do not
only help themselves but encourage others toward economic succe
The Fed's mandate is "to promote sustainable growth, high levels of employment, stability of
prices to help preserve the purchasing power of the dollar and moderate long-term interest
rates." In other words, the Fed's job is to foster a sound banking syst
Stacy Wiley Economics I Assignment 14
Inflation targeting makes the assumption that the central bank can target the interest rate which
affects investments and consumer spending and the money supply has no affect on policy
strategy. The central bank may h
Stacy Wiley Economics 1 Email Assignment 12
In the short run firms meet the demand for their products at preset prices. Firms do not respond
to every change in demand for their products by changing their prices. They set a price then meet
the demand for t
Stacy Wiley Economics 1 Email Assignment 11
Recession is a period in which the economy is growing at a rate significantly below normal.
Expansion is a period in which the economy is growing at a rate significantly above normal. The
beginning of a recessio
Stacy Wiley Economics 1 Email Assignment 10
What is money and why do people hold on to it?
Money is simply a medium of exchange that makes trade easier. Money has become better than the barter system.
Money is universally accepted and held. People have a
Explain the relationship between Savings and Wealth, usually the concepts of flows and stocks.
Is Saving the only means by which wealth can increase? Explain.
The relationship between saving (flow) and wealth (stock) is that the flow of saving causes the