ECO/535 The Digital Economy Discussion – EssaysForYou




ECO/535 The Digital Economy Discussion

Respond to the following in a minimum of 175 words:

  • Discuss how economics plays a vital role in shaping public discussion in the following policy areas:
  • Household taxation
  • Business taxation
  • Import taxation (tariffs)
  • Provide several examples of how economics plays a role in policy or public discussion related to your career. Why is understanding economics important for you?

Innovation and physical capital are 2 of the 4 factors of production.

Respond to the following in a minimum of 175 words:

  • Discuss some specific ways that 1 of the following laws increased the productivity of 1 or both of these factors of production:
  • 1862 Pacific Railway Act
  • 1956 Federal Aid Highway Act
  • 1946 Federal Airport Act
  • What other examples of economic concentration can you share?
  • What are the risks and advantages to economic concentration?
  • How has economic concentration influenced your industry?

Respond to the following in a minimum of 175 words:

  • Discuss how changes in the Federal Reserve’s monetary policy affect at least 1 of the 4 components of GDP (consumption, investment, government spending, net exports).
  • Have the Federal Reserve’s countercyclical monetary policies been effective in moderating business cycle swings? Justify your response.

Respond to the following in a minimum of 175 words:

  • Can government intervention in markets sometimes make the situation worse? Provide examples in your response. For example, consider the progress of the economy of Venezuela since 2000.

Respond to the following in a minimum of 175 words:

  • Discuss non-monetary benefits open trade has contributed to the world since the end of WWII. Provide at least 2 examples. Why do you think these are important?
  • How have changes to US trade and tariff policies affected US trade with other nations? Consider recent (less than 2 years old) credible news sources to support your response.

Some politicians, labor unions, and special interest groups argue that US trade deficits are harmful to the economy and nations that run large trade surpluses with the US are benefiting from unfair trade practices and agreements. These parties support increasing tariffs on imports, elimination, or re-writing of trade agreements.

Respond to the following in a minimum of 175 words:

  • Discuss what credible economists say about the effects that tariffs, changing trade agreements, and/or manipulating exchange rates will have on the total US trade balance.
  • Do you agree with their assertions? Why or why not?