Project #52398 - Business Economics Discussion questions

These are Discussion questions for Business Economics 150 wird count for each question

1.For many years (actually centuries) , the dominant Christian church of the world forbade anyone to print a copy of the Bible in any language other than Latin. After the invention of the printing press, several people printed the Bible in languages other than Latin (including German and English) without permission. Some of those people were convicted and executed. Is this a warning to those who fear that others may understand Scripture differently than the religious leaders of the time? Can this be compared to leaders of firms with monopoly power who try to impose their wishes on the market even if that does not allow free flow of products?

2.Spending in the United States Economy is typically divided into 4 main categories as shown by your book. The largest category is personal consumption expenditures which usually amount to about 70% of total spending in the economy. Could it be said that the financial health of the typical household is the most important variable in the strength of the country? Explain!

3.One of the confusing concepts in economics relates to nominal versus real interest rates as well as other variables like nominal GDP versus Real GDP. What are the differences in the concepts of "real" and "nominal" in terms of economic variables? Which is more important and how can the terms be explained more clearly to a person not familiar with economic concepts?

Note: You may wish to watch the video that, "Real GDP and Nominal GDP" that is available on the "Modules Pane" of this Canvas course.

4.Once when Jesus and the Disciples were at the Temple, they observed visitors contributing their offerings. Several wealthy visitors threw in coins that made relatively large noise to announce the size of the contribution. Then a widow lady gave two small coins that barely made a sound yet Jesus commented on how valued that offering was because she was willing to give though she had many needs that were likely impacted by the offering. Think about how often people give large sums of money yet want recognition and honor for the gift. Do we need to be more like the widow and seek to serve even when it hurts?

5.One of the hot topics in economic policy over the past several years has been the role of the Federal Reserve. The Federal Reserve is an autonomous agency that is not under the direct control of the elected officials of the United States in regards to monetary policy. Some people consider the Federal Reserve to be a negative influence. Based on your studies, comment on your view of the Federal Reserve as an appropriate agency to manage the monetary policy of the United States.

6.The Federal Reserve focuses on adjusting interest rates in the economy to influence economic activity. Explain why interest rates are important to business managers. Are higher or lower rates better for most businesses? Explain.

 

The format is APA along with references where needed 

Subject Business
Due By (Pacific Time) 12/20/2014 12:00 am
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