Answer these:
1. Is going into debt good or bad? Explain – give me good reasons.
2. Would your personal life be easier or harder if people weren’t allowed to borrow money? Give examples and explain.
3. When you borrow money (credit cards) there is an interest rate that must be paid on the money borrowed. If the interest rate were 6% (6¢ per dollar per year), would you be willing to borrow money (say for a car, or refrigerator, or sofa etc.)? What if the interest rate were 60% (60¢ per dollar per year) would you be willing to borrow money? Explain. What overall effect upon the U.S. economy do you think an interest rate to borrow money was 60%? Explain
4. Do you feel that Communism was ever a threat to the economic security of the U.S.? Explain in detail.
5. It seems that the U.S. has always given its citizens something to fear. Try to identify at least three of these instances.
6. Why might a government such as ours promote fear, frustration, anger, or even hatred for other countries or leaders of other countries?
7. Question #6 refers to a specific type of managerial approach or style to maintain control and discipline within a working environment such as a corporation. Do you feel it is the most effective style? Why or why not?
8. What style do you feel should be used? Explain. (Don’t forget preparing to defend your company (country) from aggressive neighbors (countries); neighbors (companies) taking shortcuts to the top of the corporate (world) ladder (terrorist activities in Iraq; development of weapons of mass destruction (North Korea and Iran).
PAGE 2:
You have just been named as the head of the Federal Reserve Bank’s board of governors. The economy is sluggish: high unemployment and low manufacturing output. Identify and briefly explain how you would use each of the three monetary tools available to you in an attempt to stabilize a faltering economy.
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