Restore participating and self-support to free enterprise – Managerial Economics
1. In reading “Rewarding Work: How to Restore Participating and Self-Support to Free Enterprise” a plan to help the working poor speaks about different options. What are some market incentives that includes one of the ten principles of economics that works welfare programs? Is the Phelps’ plan an improvement over current government policies?
2. How is this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production as well as the impact on interest rates this may pose?
3. What are economist opinions are there any arguments for trade restrictions that most economists would support?
4. Who was responsible for the global financial crisis of 2007-2009? Was. It considered to be Free-Market capitalism, government intervention, or a combination of both? What were the major causes as well as the solutions that help recovery? What system implementation was attempted to prevent any recurrence?
