"The contract by which he [workers] sold to the capitalist his labour-power proved, so to say, in black and white that he disposed of himself freely. The bargain concluded, it is discovered that he was no 'free agent,' that the time for which he is free to sell his labour-power is the time for which he is forced to sell it, that in fact the vampire will not lose its hold on him 'so long as there is a muscle, a nerve, a drop of blood to be exploited.'" (415-416 Marx). This is one of Marx's reflections of why socialism is important for workers. It is a means to maximize the freedom of workers. For your final I want you to write a paper (3 full pages in length) explaining…
Are credit cards or debit cards money? Explain your answer.When the Fed makes an open market purchase of government securities, the quantity of money will eventually decrease by a fraction of the initial change in the monetary base. Is the previous statement correct or incorrect? Explain your answer.Monetary policy is action taken by the Fed to influence the level of real GDP. Suppose the Fed wants to increase the money supply. What three tools could the Fed use to achieve this goal? Be specific in your answer and discuss the implications of this policy.
There are many Supply and Demand issues happening in the world today unlike any we've ever seen before. Write a one page summary of what those issues are and how they will effect this year's normally increased shopping and buying season for Thanksgiving and cultural holidays. You may use outside sources. (Quote them) Include reference to inflation, supply chain, business and consumer reactions to the supply and demand issues
Since the 1980s America has embraced open, international trade. Has the average American worker and consumer benefited from this? Prior to the 1980s there were more than enough factory jobs available to everyone and you did not need a college degree to get one and buy a home and raise a family. However, most of those factory jobs are gone. Prior to the 1980s, you would have to work maybe 6 hours a day to afford one nice dress shirt. Now, for those without a college degree, they can get a job at a Walmart and maybe work 3 hours a day to afford a nice dress shirt. The question is, would you rather see America not embrace so much free trade and go back to a time when we…
This question has to do with China and their exchange rate regime. China has a fixed rate regime and America and almost all of the developed world has a flexible exchange rate regime. Has a fixed rate regime been good for the Chinese economy and Chinese workers? Has their fixed rate regime been bad for the US economy? What about for the American workers? Also, has the Chinese fixed rate regime been bad for the Chinese consumers, if so, how?answer in 4 paragraphs
Q6 (Total marks 15, Words limit 300) A special purpose acquisition company (SPAC) is formed strictly to raise capital through an initial public offering (IPO) for acquiring an existing company. The fund raised by a SPAC is placed in an interest-bearing trust account. The management team of a SPAC decides on which company to acquire, but the investors do not know which company will be acquired at the time of IPO. The SPAC management team usually owns 20% of the SPAC though it does not need to pay for the shares it owned. A SPAC will be liquidated and the money in the trust account will be returned to the investors if it fails to complete an acquisition within a specified period (typically two years). In this case, the SPAC…
Be sure to use references within the paper to support your answers.Why is there unemployment even when the economy is at full employment? What are some costs of unemployment?Is the CPI a biased measure of the inflation rate? Explain your answer.Explain how some government tax revenue and spending can depend on the state of the economy.Explain some limitations of using GDP as an indicator of standard of living (be sure to do some research on your own to find any alternative measures).
Discuss the debate of increasing the min wage in the USA. What will the impact on the business be? What will the impact on consumer spending be? Can/will it hurt the businesses? What do recent studies say about it? 3 economists recently won the Nobel prize in economics discussing something similar. Make sure you mention it.
This paper will require you to perform a cost/ benefit analysis on a particular public policy. You are asked to select a current policy intended to a problem in the market, to research it, and to write a 3 page paper that (1) introduces the public policy and which problem it is meant to solve (2) describes and defines at least two relevant components of the policy (3) provides at least two quantifiable benefits of the policy and one cost, or provides at least two quantifiable costs of the policy and one benefit (4) argues for or against the particular policy by weighing the costs and benefits within the context of a specific economic goal
There are many international agreements on the environment that are not part of the WTO, and some have been highly effective in addressing specific environmental problems. The Montreal Protocol, for example, has been effective at reducing CFC emissions, and the long-run trends are currently looking more hopeful for the ozone layer. Choose a specific agreement or a specific proposed agreement and report on the content and scope of that agreement. Use a database ( http://iea.uoregon.edu/page.php?file=home.htm&query=static) of International Environmental Agreement developed by Ronald Mitchell at the University of Oregon.Copy/Paste URL, link might not work.