Basic Functions Of A Market-Based Economy

October 1, 2022

Basic Functions Of A Market-Based Economy

Order ID:89JHGSJE83839

Style:APA/MLA/Harvard/Chicago

Pages:5-10

Instructions:

Basic Functions Of A Market-Based Economy

Type in complete sentences! Each answer must have a minimum of 4 sentences. Answer all 10 questions. Type clearly and concisely. You will be graded based on quality of writing, accuracy of responses, grammar, level of analysis, and in comparison, to the quality of the others in your class.

1.) Describe the basic functions of a market-based economy. Briefly describe how the circular flow model works and how that relates to a market-based economy.

2.) Prior to the American Revoluyion, what kind of economic system did North Carolina have? Describe how that is different from capitalism as portrayed by Adam Smith.

3.) Who is primarily responsible for tax policies in the United States? Briefly describe four key components of fiscal policy?

4.) Who is primarily responsible for monetary policy in the United States? Briefly describe four key components of monetary policy.

5.) How is the unemployment rate measured? Who is responsible for calculating the official rate?

6.) Describe and give an example of the following: frictional, structural, sectoral, seasonal, and cyclical unemployment.

7.) Briefly describe and give examples of underemployment, displaced workers, and discouraged workers.

8.) In the 2000’s a trend of fewer men participating in the workforce began. Provide three factors that contributed to this unique employment issue.

9.) What is a basket of goods? How does the U.S government calculate inflation?

10.) Provide three reasons as to why the current way of measuring inflation may not be accurate.

RUBRIC

Excellent Quality

95-100%

Introduction

45-41 points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

Literature Support

91-84 points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

Methodology

58-53 points

Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.

Average Score

50-85%

40-38 points

More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.

83-76 points

Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.

52-49 points

Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.

Poor Quality

0-45%

37-1 points

The background and/or significance are missing. No search history information is provided.

75-1 points

Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.

48-1 points

There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met