Category: Economy

Microeconomic data from public sources

Posted on | by

 

Microeconomic data are numbers about a single industry. Automobile sales numbers are microeconomic data. Unemployment numbers for the entire country are not microeconomic data.

Start by choosing an industry that interests you.
Remember that an industry is a group of companies that do the same thing. For example, Ford is a company; automobile manufacturing is an industry.
Choose a microeconomic variable for your industry.
It could be prices, sales, production, advertising, or investment.
Using the library’s Statista resource, find three years of this microeconomic variable for your industry. For example, you might find automobile sales data for 2017, 2018, and 2019.
Go to Statista.
Log in using your Strayer credentials.
Type your industry name in the “Statista Search” space and click Statista Search.
Choose one of the options that has three years of annual data.
Prepare an Excel spreadsheet that has two columns and four rows. In cell A1, type in the industry you selected and bold the text. In the heading for cell A2, type “Year.” In cells A3, A4, and A5 descending below this heading, type the years for your data. In the automobile example, this would be 2017, 2018, and 2019.
In the heading for column two, cell B2, type the name of the variable you chose. For example, it could be “Sales.” In the cells below this heading, type the sales data for each of the three years.
Underneath your table, type “Source:” and then paste the URL of the source where you found your data.
See the Excel example below.

Importance of political activism

Posted on | by

 

Again, this course has reinforced the importance of political activism not just as a United States Citizen but as a nursing professional and expert. Moving forward, I’ll network, collaborate with key stakeholders, become an active member of my local nurses’ association as well as my local and national certified registered nurses’ association. Together, we can join forces in moving our nursing profession forward as well as being great advocates for our patients. As an active member, I can contribute to our political action committee (PAC) that helps support politicians and lobbyists that support the nursing interest. I can volunteer my expert advice to policymakers to help shape policies so patients’ interests will be protected. I hope to be active in my local community helping share nursing knowledge, healthcare advice, as well as healthcare resources so we can build healthier and stronger communities. I’ll also advise young nurses to further their education and become advanced nurses as this helps strengthen their voices as political activists, giving credit to their views, advice, and suggestions.

Will you heed the call for action and join an organization like Nurses on Boards or become engaged with the National Nurse Campaign?

Yes, most definitely. Nurses are sociopolitical actors who promote improvements in health in our different facets of the profession (Melo, 2017). We are the frontline agents at almost every level of the healthcare system and the largest (Rasheed et al., 2020). We have a social mandate, to speak up for social justice and against health inequalities, to be advocates for public health issues, help reduce healthcare costs, medication errors, promote patient safety, enhance the quality of care, prevent, and manage communicable diseases (Buck-McFadyen & MacDonnell, 2017; Horton et al., 2019; Rasheed et al., 2020). I must therefore join an organization such as Nurses on Boards. In partnership with other leaders, will work tirelessly to promote change within the healthcare organization and improve healthcare outcomes for patients and the community.

Will you join a professional nursing organization?

Economic indicators

Posted on | by

Identify all relevant concepts, terms and discuss positions against and as well as in favor. In the article attached, they talk about the following Economic indicators: GDP, Unemployment, and Inflation. If you had to select just one indicator to measure the success or health of a country’s economy, what indicator would you select and why? You will need to explain the advantages and limitations of the indicator you selected and contrast it with at least two other economic indicators.

Difference between microeconomics and macroeconomics.

Posted on | by

 

 

 

Briefly discuss the difference between microeconomics and macroeconomics.
Briefly explain whether each of the following is primarily a microeconomic issue
or a macroeconomic issue.
a The effect of higher cigarette taxes on the quantity of cigarettes sold.
b The effect of higher income taxes on the total amount of consumer
spending.
c The reasons for the economies of East Asian countries growing faster
than the economies of sub-Saharan African countries.
d The reasons for low rates of profit in the airline industry.
5. You have exams in economics and statistics coming up and five hours available
for studying. The table shows the trade-offs you face in allocating the time you
will spend in studying each subject.
HOURS SPENT STUDYING EXAM SCORE
CHOICE ECONOMICS STATISTICS ECONOMICS STATISTICS
A 5 0 95 70
B 4 1 93 78
C 3 2 90 84
D 2 3 86 88
E 1 4 81 90
F 0 5 75 91
a Use the data in the table to draw a production possibility frontier graph.
Label your vertical axis ‘Score on economics exam’ and label your
horizontal axis ‘Score on statistics exam’. Make sure you label the values
where your production possibility frontier intersects the vertical and
horizontal axes.
b Label the points representing choice C and choice D. If you are at choice
C, what is your opportunity cost of increasing your statistics score?
c Under what circumstances would A be a sensible choice?

 

What is scarcity?

Posted on | by

 

1. Briefly discuss each of the following economic ideas: people are
rational, people respond to incentives and optimal decisions are made
at the margin. What is scarcity and why is scarcity central to the study
of economics?

 

 

The key reasons why economic freedom is so critical to multinational companies (MNCs).

Posted on | by

Watch the video and prepare to discuss.

Referencing the video you watched in preparation for this discussion, determine the key reasons why economic freedom is so critical to multinational companies (MNCs). Provide one example from the information that you learned about China versus India to support your response.

 

Economic interests versus other concerns compelling

Posted on | by

 

1)

Select only four of the following six questions and, to the best of your ability, write no more than a two paragraph response that is succinct, persuasive, and employs relevant sociological concepts and/or reasoning from the chapter that corresponds to the question. The most important quality of your writing is its sociological reasoning or argumentation.

All the questions involve a concrete example that is either already contained in the question or that you’ll have to select yourself. You can and should use your book and notes, along with other reputable news or academic sources, to inform your response.

NOTE: Each question is worth 25pts. You cannot answer more than one question from the same chapter.

Chapter 2-Claims

Is the restroom access for transgender individuals likely to remain contentious issue, or is it likely to fade—and why?

Chapter 3-Activists

Under what circumstances will individuals find claims based on economic interests versus other concerns compelling?

Chapter 4–Experts

Identify another current prediction about a future social problem. Who makes the claim, and how much confidence should we have concerning the prediction?

Chapter 5-The Media and Claims

Are disputes over fake news likely to continue? Why or why not?

How do you fact checking services such as snopes.com or politifact.com evaluate the accuracy of claims? What are the strengths and limitations of these services?

Chapter 6-Public Reaction

This chapter treats surveys as one tool for assessing public reactions. What are surveys’ advantages and what are their limitations?
text: Joel Best. Social Problems. (2021) 4th Edition. New York: W.W. Norton.

 

2)

A ,Compare and contrast the sociological and Psychological Factors in Mate selection. Using the following: (60 points)

1,Homogamy and its 12 factors (sociology)

2, Complimentary factors in mate selection (psychology)

B, Present empirical examples based on your observation of yourself or other

 

 

China’s economy

Posted on | by

 

Will China maintain its strong economic growth in the years to come? Some suggest it will until 2050. What do you think?
If China will go from 17 million to 200 million middle- and upper-income people by the early 2020s, would the scenario presented by Best Buy not be applicable anymore? Would newly rich Chinese customers engage in this purchasing in the 2020s?
With Alibaba’s ownership of the very popular Tmall and Taobao online shopping systems (similar to eBay and Amazon) and its spread across the world, will a Western-based online shopping culture ultimately infiltrate China?

T​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​he mayor and city council members of Seatville

Posted on | by

 

T​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​he mayor and city council members of Seatville have hired you as a consultant to determine the transportation modes within their city. The mayor wants to know where to spend budget dollars to improve infrastructure and transportation modes. Being a diligent consultant, you interviewed 1,255 people during a 16-week period. You determined the following methods of transportation were used: 850 residents drove a personal car, 200 used public transportation (bus), 5 rode a bicycle, 50 walked, and 150 rode a motorcycle. Prepare a report that outlines the requirements of your consulting task. In your report, you should include the following: Provide an introduction that outlines the problem and gives on overview of the situation as well as a conclusion that sums up y​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​our report. Develop and explain the probability and relative frequency of the data you found for each mode of transportation. Compute the relative frequencies to two decimal places. If you need practice computing relative frequency, watch the Unit II Relative Frequency Example video https://www.youtube.com/watch?v=KoXi8WynJpc. Use this data to make a final recommendation of where the mayor and city council should spend their infrastructure/transportation. Your completed report must be at least three pages in length, and you must use your textbook and at least one other academic source. Adhere to APA Style 7th edition when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​.