Pick any 2 questions and answer it (answer should be half page long per question): 1....

Pick any 2 questions and answer it (answer should be half page long per question):

1. The acceleration of economic growth in the last two decades has made economic decision-making more complex as multinational concerns must be taken into account. Explain.

2. The Information Revolution, an economic restructuring comparable to the Agricultural Revolution and the Industrial Revolution, has brought about new questions of social interest. Elaborate.

3. Climatologists agree that global warming is at least in part the result of economic activity. The warming may lead to large economic costs. How can individuals and nations satisfy their self-interested desire for goods and services while also protecting the social-interest of the environment?

4. Think about the trends in what and how goods and services are produced in the U.S. and global economies. Do you think that at some future time, there will be no jobs in the United States and all the jobs will be in developing economies?

5. Compare the scale of agricultural production in the advanced and developing economies.

Solutions

Expert Solution

Solution

Given:

1.The acceleration of economic growth in the last two decades has made economic decision-making more complex as multinational concerns must be taken into account :

- Firstly,economic growth can be described as the increase in the production of amount of goods & services by each person in an economy.

- The indicators for economic growth include Gross Domestic Product (GDP), GDP per capita (GDP / total population) ,stable inflation,rising retail sales,etc.,

- Due to economic growth now more goods& services are being produced.

- The factors for Economic growth include International Trade between countries,technological advancements,education,etc.,

- Since the resources are limited unlike our wants which are unlimited.So,this is making economic decison making more complex

- Also,due to global trade,countries are becoming more interdependent on each other so any country has to consider the multinational concerns while making their economic decisions.

3.Climatologists agree that global warming is at least in part the result of economic activity. The warming may lead to large economic costs. How can individuals and nations satisfy their self-interested desire for goods and services while also protecting the social-interest of the environment :

- Global warming is the rise in the global temperature levels.

- Due to these conditions many climatic changes are taking place.Ex: There is delay in rains,delay of seasons,excess of rains,less rains / droughts,etc.,

- These are causing a lot of negative impact to the developement across the globe.

- Like delay in rains are causing loss to the farmers and otehr stakeholders.

- But this global warming is also due to economic growth in the sense due to pollution that is caused in the process of economic growth.

- Yes the individuals cannot completely satisfy their desire for more goods& services without affecting the social interest of the environment by :

- Imposing self-restrictions to contain pollution levels (ex: carbon credits)

- Using latest technology to improve productivity

- Using renewal energy sources so that energy production can be done without polluting the environment

Hope this solution helps !! Please give a " Thumbs Up rating for the same !!

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

Pick any 2 questions and answer it (answer should be half page long per question): 1....

Pick any 2 questions and answer it (answer should be half page long per question): 1. Globalization seems to have brought benefits for almost everyone, though one exception is African farmers. Blocked from global food markets by trade restrictions, Africans cannot take part in the prosperity globalization has brought to the rest of the world. Many of the health crises such as AIDS, malnutrition, and even starvation are clearly linked to poverty. Moreover, many of Africa’s nations are politically unstable....

Pick any 2 questions and answer it (answer should be half page long per question): 1....

Pick any 2 questions and answer it (answer should be half page long per question): 1. The Information Revolution, an economic restructuring comparable to the Agricultural Revolution and the Industrial Revolution, has brought about new questions of social interest. Elaborate. 2. Think about the trends in what and how goods and services are produced in the U.S. and global economies. Do you think that at some future time, there will be no jobs in the United States and all the...

Pick any 2 questions and answer it ( answer should be half page long per question):...

Pick any 2 questions and answer it ( answer should be half page long per question): 11. What is your opinion on price ceilings in the market for gasoline? Price ceilings were last imposed in the 1970s: To help ration gasoline, drivers were allowed to buy gasoline only on certain days. If the car had an even numbered license plate, the driver could buy on even numbered days and vice versa for cars with odd numbered license plates. (On the...

Pick any 2 questions and answer it ( answers should be half page long per question):...

Pick any 2 questions and answer it ( answers should be half page long per question): 6. China is currently the world’s second largest economy. It is predicted to surpass the U.S. to become the biggest economy in the not-too-distant future. How does this development influence the strategic balance and the position of the United States? 7. In 1990, Congress imposed a luxury tax on yachts costing more than $100,000, along with similar taxes on a handful of other luxury...

Pick any 2 questions and answer it ( answers should be half page long per question):...

Pick any 2 questions and answer it ( answers should be half page long per question): 1.Bill Gates is a founder of Microsoft and the world's richest individual. Suppose Microsoft sells more software and Mr. Gates acquires another billion dollars in wealth. Simultaneously, suppose a burglar whose income is well below average broke into Bill Gates' house and stole a million dollars worth of antiques. Using the "it's not fair if the rules aren't fair" approach to fairness, is Mr....

Pick any 2 questions and answer it (answer should be half page long per question): 18....

Pick any 2 questions and answer it (answer should be half page long per question): 18. Globalization seems to have brought benefits for almost everyone, though one exception is African farmers. Blocked from global food markets by trade restrictions, Africans cannot take part in the prosperity globalization has brought to the rest of the world. Many of the health crises such as AIDS, malnutrition, and even starvation are clearly linked to poverty. Moreover, many of Africa’s nations are politically unstable....

Pick any two questions (each question should be half a page) 1. The acceleration of economic...

Pick any two questions (each question should be half a page) 1. The acceleration of economic growth in the last two decades has made economic decision-making more complex as multinational concerns must be taken into account. Explain. 2. The Information Revolution, an economic restructuring comparable to the Agricultural Revolution and the Industrial Revolution, has brought about new questions of social interest. Elaborate. 3. Climatologists agree that global warming is at least in part the result of economic activity. The warming...

Pick any two questions (each question should be half a page) 21. How is the Fed...

Pick any two questions (each question should be half a page) 21. How is the Fed structured so the focus of their policies is on the long term health of the U.S. economy, not political gain (which tends to focus on shorter term goals due to election cycles) or personal gain? 22. Zimbabwe’s inflation rate in July 2009 was reported at 1 percent a month. Last year, Zimbabwe’s annual inflation rate was more than 231,000,000 percent, a kilo of tomatoes...

Pick any two questions (each question should be half a page) 10. Globalization seems to have...

Pick any two questions (each question should be half a page) 10. Globalization seems to have brought benefits for almost everyone, though one exception is African farmers. Blocked from global food markets by trade restrictions, Africans cannot take part in the prosperity globalization has brought to the rest of the world. Many of the health crises such as AIDS, malnutrition, and even starvation are clearly linked to poverty. Moreover, many of Africa’s nations are politically unstable. If African farmers had...

What is managed care? Answer should be half-page to one page long.

Subjects