Part 1 Directions:
Discussion - MacroeconomyAs we look at positive externalities and negative externalities that impact the economy, we can assess the impact on the macroeconomy of the U.S.
For your initial post, address the following questions in at least two paragraphs:
- Identify how the “New Deal” affected the U.S. macroeconomy.
- Discuss how the U.S. economy in 2008 differed from the U.S. economy during the “Great Depression.”
- Describe the point on the Production Possibilities Curve that the U.S. economy was operating at in 2008.
- Identify how international trade affected the U.S. economy during the “Great Recession” in 2008?
Please refer to your textbook and online sources for your initial post. Credible online sources will need to be used to search for answers regarding the economy and your textbook for information relating to the “New Deal” and the “Great Depression.”
For your reply post, respond to a peer's answers to the questions and relate his or her answers to yours and the research you used to support your findings. Explore how both your answers reveal insights into how the economy works.
Part 2 Instructions
Written Assignment - Resource Allocation and International TradeYou are a junior executive of a new cellular phone carrier called Technologies of the Future (TOF) that competes in the same market as Verizon Wireless, AT&T, and T-Mobile. You are tasked with writing a business report for the Committee Board Members of TOF, proposing to either expand or remain at the current level of production. The goal of your research is to determine the firm's efficiency and how additional market shares could be acquired. Your findings are crucial to the firm. Write a professional business report that addresses the following key points.
- Discuss how the four factors of production relate to the Production Possibilities Curve.
- If TOF had the choice to either produce consumer goods or capital goods, explain what is meant by the Production Possibilities Curve, and explain points that would be efficient and inefficient, as well as an unattainable point.
- Discuss how inefficient and unattainable can be experienced.
- Define Comparative and Absolute Advantage.
- State whether TOF has a comparative or absolute advantage if they possess over 30% of the domestic market in the United States. (Note: we are discussing the production and sale of smartphones and service plans by TOF in the United States only.)
Below are resources to support you in the completion of this assessment.
How do I write a professional business report?
What are the differences between professional writing and academic writing?