Topic 1: GDP and Its Limitations
The national income accounts measure productivity, spending, and income; but these accounts were not designed to measure economic welfare. GDP only measures the value of marketed goods and services for a country during a given period of time. Goods and services that are not sold in markets, such as food produced and consumed at home and household articles, are not included in GDP. Discuss aspects of economic welfare ignored in GDP measurement.
Discussion Checklist:
A. What are the limitations of the GDP in measuring total output and national welfare?
B. What products (goods and services) are excluded from the GDP computation?
C. What are the impacts of the shortcomings of the GDP as a measure of the national product and national welfare?
Topic 2: Factors Determining Economic Growth
There are various ways of measuring long term economic growth of a country. There are also a number of economic and non–economic factors that affect long–run economic growth of countries.
Discussion Checklist:
A. What factors might contribute to a...
Assignment: GDP and Economic Growth
In this Assignment, you will evaluate the various components of the Gross Domestic Product (GDP) and factors that affect the GDP components. You will also compute the growth rate of U.S. real GDP and compare the average with the expected growth rate of U.S real GDP.
Instructions: Answer all of the following questions. You are required to follow proper APA format. Read the Criteria section below for more information before you begin this Assignment.
In this Assignment, you will be assessed on the following outcome:
MT445-6: Evaluate the effects of globalization and international trade on the U.S. economy.
Assignment: GDP and Economic Growth
Components of GDP and Growth Rates of Real GDP
Why does inflation make nominal GDP a poor measure of the increase in total production?
Nominal GDP refers to the market value of all final goods and services produced in a country and considering the current-year market prices. The latter fact makes nominal GDP a poor measure of the increase...
Affirmative Action as Public Policy
Develop a five page APA style paper (not including cover and reference pages) in which you research and discuss the US Affirmative Action initiative. The focus of your paper should be on the initiative’s impact on current and future public policies. How have these initiatives and policies affected the average American citizen?
Affirmative Action as Public Policy
Introduction
Affirmative action is a common term in law referring to any type of action that directly seeks to increase the educational and employment opportunities of the disadvantaged or minority groups. The term affirmative action emerged during President J.F. Kennedy’s tenure, specifically in 1961. President Lyndon B. Johnson later implemented the affirmative action policy as an executive order (Kurtulus, (2016). For a country reeling from the dark shadows of the slavery era, the affirmative action initiative was critical in helping instill basic civil rights for the minority groups and the disadvantaged. The affirmative action policy helps in ensuring that all citizens receive...
Introduction
With the advance of technology and the extreme change of weather in various parts of the universe, there is the increase in the energy that is used both by industries and households. Due to the increased need for the available energy, there has been an ongoing campaign that is meant to educate individuals on how best to conserve energy and to use a little amount of it for maximum benefits. Thus, most environmentalists are creating awareness of energy efficiency to reduce the amount of energy required to provide products and services. However, with the realization that renewable resources of energy significantly contribute to air pollution, most companies and governments are striving to educate their citizens of the importance of renewable sources of energy. Renewable energy resources refer to that type of energy collected from resources that are naturally replenished while non-renewable resources of energy are often obtained from fossil energy that is hard and difficult to replenish. This assignment will...
Introduction
With increased globalization and improvement in transport and communication networks, it is now possible to enjoy delicacies produced from far parts of the world. However, it is only a fraction of people who understand the environmental and economic impacts of purchasing food products produced in far parts of the world. This is because majority of people dismiss the impacts of purchasing food from the global industrial system as trivial, forgetting that the effects are cumulative in nature. Current research indicates that purchasing food from the global industrial food system has significant implications in terms of food security, ensuring food safety, and economic as well as environmental impacts. Due to the significant negative impacts, consumers are encouraged to purchase locally grown foods. This paper examines the implications of a meal that we commonly eat involving eggs scrambled with cheese, bacon, and coffee.
Meal Analysis
Source Identification
The food items that I purchased include eggs scrambled with cheese, bacon, and coffee for breakfast....
Assignment: Oligopoly and Monopolistically Competitive Firms
Student Name:
In this Assignment, you will compute total cost, total revenue, and total profit/loss. Based on the computed results, you will determine the optimal quantity of output, which minimizes loss under a monopolistically competitive market. In addition, you will also evaluate the marketing strategies of oligopoly market firms.
Instructions: Answer all of the following questions. You are required to follow proper APA format. Read the Criteria section below for more information before you begin this Assignment.
1. Do the firms in an oligopoly act independently or interdependently? Explain your answer.
A monopolistically competitive firm has the following demand and cost structure in the short run.
Output Price FC VC TC TR Profit/Loss
0 $90 $90 $ 0 ____ ____ ________
1 80 ____ 40 ____ ____ ________
2 70 ____ 80 ____ ____ ________
3 60 ____ 140 ____ ____ ________
4 50 ____ 220 ____ ____ ________
5 40 ____ 320 ____ ____ ________
6 ...
Question
Research Paper
The Research Paper must demonstrate understanding of the reading as well as the implications of new knowledge. The fifteen-page paper must integrate readings, class discussions, field research, and literature review into proposed solution. It may include explanation and examples from previous experiences as well as implications for future applications. The purpose of the Research Paper is for you to culminate the learning achieved in the course by describing your understanding and application of knowledge in the field of social science.
Your Research paper should focus on a topic selected in consultation with the course instructor, which was done in Week Three—see Research Paper Focus included herein. In this project, you will examine a specific political or social issue. The topic is the Patient Protection and Affordable Care Act—better known as Obamacare. You will:
Develop a public policy to address the changes or updates to the existing public policy-Obamacare.
In all cases, the focus should be on in the development of...
Question
Affirmative Action as Public Policy
Develop a five page APA style paper (not including cover and reference pages) in which you research and discuss the US Affirmative Action initiative. The focus of your paper should be on the initiative’s impact on current and future public policies. How have these initiatives and policies affected the average American citizen?
You are required to use at least two outside resources to support your analysis.
Affirmative Action as Public Policy
Introduction
Affirmative action is a common term in law referring to any type of action that directly seeks to increase the educational and employment opportunities of the disadvantaged or minority groups. The term affirmative action emerged during President J.F. Kennedy’s tenure, specifically in 1961. President Lyndon B. Johnson later implemented the affirmative action policy as an executive order (Kurtulus, (2016). For a country reeling from the dark shadows of the slavery era, the affirmative action initiative was critical in helping instill basic civil rights for the minority groups...
Your paper should include all of the following parts.
Assess your own energy use: What forms of energy do you currently rely on and where do they originate from? Be sure to consider the energy that you use at home, during travel, and at work or in school. Include at leastfivespecific examples. Consider whether each energy source is renewable or nonrenewable.
Using the provided materials, determine which renewable sources of energy would be the most and least appropriate for use in your chosen location. Be sure to discuss the energy form identified by your instructor as well as two other forms of renewable energy, for a total of three forms of renewable energy. Explain how you arrived at your decisions. For example, you may find that solar energy is not a potential resource due to seasonal changes making sunlight inconsistently available throughout the year.
Discuss the advantages and disadvantages of the energy sources you currently rely on as well as...
Energy and Food Webs
Part 1:
Provide an example of a food chain in the area where you live.
Humans are parts of food chains and food webs, too. Where on a food web would you typically find humans (near the bottom with the producers, at the top with carnivores, or somewhere in between)? Explain.
What are some advantages of being part of a food web rather than a food chain?
Part 2:
Here is a food web for Lake Michigan:
http://www.glerl.noaa.gov/pubs/brochures/foodweb/LMfoodweb.pdf
To see this PDF, you will need to download the free Adobe Reader.
In the Lake Michigan food web, is it possible to identify the most important producer? Why or why not?
What would happen if there was a change in the population size for any one of the producers (either an increase or a decrease)? How could these changes impact other producers and organisms on other trophic levels?
Provide at least two types of impacts that humans could have on this food...
