Week 6 Discussion 1
“The Labor Market and Minimum Wage” Please respond to the following:
• Review the e-Activity, and examine two arguments one for and one against raising the minimum wage.
• Based on your choices explain whether the minimum wage should be raised or not. Please use appropriate economic terms to support your position.
e-Activity related to above questions Go to a website on the Internet and find an article about the pros and cons of raising the minimum wage such as: http://www.salary.com/increasing-the-minimum-wage-pros-cons/. Be prepared to support your position on the minimum wage debate.
Week 6 Discussion 2
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“GDP and GNP” Please respond to the following:
• In view of the weak economy of the last several years, explain which of the four components of GDP had, or is having, the greatest positive impact in our economy. Use your results from the second e-Activity to support your response.
• Explain how one of the components of the GDP would help you to predict the amount of inventory to keep in stock if you were the owner of a retail store and were placing a merchandise order for the next few months.
e-Activity related to above questions Go to the Bureau of Economic Analysis at www.bea.gov. Navigate on the home page to where it states “National,” then select “Gross Domestic Product”. Next, select “GDP and the National Income and Product Account (NIPA) Historical Tables”. The exact address is http://bea.gov/national/index.htm#gdp.
Week 7 Discussion 1
“Unemployment” Please respond to the following:
• Using the e-Activity, compare the unemployment rate in your state to the national average of the past four (4) years. Compare the trends in relation to the types of unemployed workers in your state. Provide support for your response.
• Using the e-Activity to answer the question. You have been hired as a staffing agency representative for a company that places individuals in temporary and permanent work positions. Explain the effect that the current unemployment rate may have on your clientele in the next couple of months and how it could affect your area’s overall economic growth. Provide support for your response.
e-Activity Go to the Bureau of Labor Statistics at www.bls.gov. Navigate to “Subject Areas” at the top of the home page, and then under “Unemployment,” review both National Unemployment Rate and Local Area Unemployment Statistics. Next, navigate to “Database & Tools” at the top of the home page, and select “Top Picks”. Be prepared to discuss.
Week 7 Discussion 2
“Inflation” Please respond to the following:
• Imagine that you have a fixed 30-year interest rate for your mortgage, and the economy has experienced unanticipated inflation. Examine who the winner and loser would be either the borrower or the lender in the given scenario. Provide support for your response.
• You have been hired as a consultant for your state. You have been asked to understand what would happen to the rate of inflation if the state experienced economic growth. Explain how the rate of inflation would change if your state experienced economic growth.
