Unit 8 Obama Gives Keynes His First Real World Test Podcast

Question Economics International Trade Among Different Countries Essay Imagine that you are hired by the Bureau of Labor Statistics (BLS) as an international economist to analyze data on the international economy and to provide policy recommendations to the U.S. government. Your essay should include the sections described below. Introduction: Provide a brief summary of international…

Question ECO204 Principles of Microeconomics Week 1 Discussion DQ1 Scarcity [WLOs: 1, 2] [CLOs: 1, 2, 4, 5] Scarcity is the starting point for studying economics. Resources are limited while human wants are unlimited. Prior to beginning work on this discussion, read Chelsea Follett’s article, Are Humans Prepared to Overcome Resource Scarcity in the Future?…

Question SEU Tariffs Impact on Developing and Developed Countries Discussion Select a developed country that has implemented a tariff, and a developing country that manufactures products that are impacted by that same tariff. The current US and China tariff “war” cannot be used since these are the two largest economies in the world. Investigate the…

Question ECO/535 Wk. 4  Government Intervention Analysis. Wk 4 – Apply: Summative Assessment: Government Intervention Analysis  Exam Content Analyze 1 of the following government intervention programs: Countercyclical fiscal policies (countering economic disruptions such as the housing bubble and the Great Recession) US agriculture support programs Assistance for families with lower incomes (choose 1) Housing vouchers Earned Income Tax Credit (EITC), including Child Tax Credit Supplemental Nutrition Assistance Program (SNAP) Health care resources for people with lower incomes (choose 1) Medicaid, including the Children’s Health Insurance Program (CHIP) Affordable Care Act expansion Social insurance programs (choose 1) Old-Age, Survivors, and Disability Insurance (OASDI) Medicare Unemployment insurance Write a 700- to 1,050-word summary of your analysis. Identify the intervention and the market failure leading up to the intervention. Complete the following in your paper: Analyze the arguments for government intervention as opposed to arguments for market-based solutions. Hint: See the information about market failures. Examine who has been helped and who has been hurt by the selected government intervention. Examine externalities and unintended consequences of such intervention. For example, consider whether the SNAP program and health coverage for families with lower incomes result in higher future tax revenues because children from families with lower incomes grow up healthier and produce higher incomes over their lifetimes. Analyze whether the cost of the intervention you selected as a share of GDP or the number of participants is increasing, decreasing, or varies with the state of the economy, based on the cost trend(or the number of participants) since its inception or since 2000. Analyze credible economists’ opinions on the success or failure of the intervention that you chose in achieving its objectives. Recommend whether the program should be continued as is, discontinued, or modified based on your conclusions. Defend your recommendation. Note: Use of charts and graphs is encouraged with appropriate citations. Any charts or graphs retrieved from the Federal Reserve Bank of St. Louis FRED website may only be included when the data sources used by FRED are US government sources such as the Bureau of Economic Analysis or the Bureau of Labor Statistics.