Module 1 Discussion 250 words
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After watching the video clip from A Knight’s Tale, consider the effect of choosing consumption today versus consumption in the future. Using the PPC as a springboard for your analysis, what effect would forgoing consumption today in order to invest for tomorrow have on future production possibilities? Now consider the choices our government faces when it has limited tax revenues to fund the unlimited wants of its citizens. Describe some of the choices the government makes between consumption today and investment for tomorrow.
Module 2 Discussion 250 words each A AND B
After the reading the Issues & Applications in your etext: Interpreting Employment Data as the Gig Economy Grows and researching online how Social Security, Medicare, and unemployment insurance are more specifically funded, please answer the following questions:
- Why might the U.S. government, which funds Social Security, Medicare, and unemployment insurance programs by taxing wages, desire to find a way to reduce self-employment and inhibit the growth of the gig economy?
- Do you see the growth of the gig economy as a positive or negative trend in the economy? Explain.
Module 3 Discussion 250 Words
Compare the ranking of U.S. GDP (purchasing power parity) to that of other countries by visiting the CIA’s World Factbook.
After reading the article U.S.A comes up a bit short in global Better Life Index and comparing the relative ranking of U.S. GDP to other countries, what is the link between wealth and well-being? Do governments have a responsibility to address well-being?