Explain how economists are both scientists and policymakers and what principles society uses to allocate its scarce resources.
Narrate a brief history of the 1953 coup, being sure to include discussion of the motives of those who planned it and carried it out.
August 5, 2017Write a research paper to compare and contrast Holism (Systems Thinking) versus Reductionism.
August 5, 2017Explain how economists are both scientists and policymakers and what principles society uses to allocate its scarce resources.
Your organizations CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing an 875-word report to introduce some of these thoughts and principles. Use Chapters 1, 2, 3, 4, 5, 6 and 7 in Principles of Macroeconomics as your only source.
Explain the following information in your report to members of the strategic planning committee:
- How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources
- Using the circular flow model, explain the flow of money and goods in an economy.
- How the economy coordinates societys independent economic actors
- A countrys gross domestic product (GDP) and how it is defined and calculated
- How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living
Format consistent with APA guidelines.
