Question details

15_BUS 115 Week 1
$ 10.00

In this assignment, you are asked to complete three essay questions.  A fourth question is reserved for listing the references used to prepare the three essay responses.  Please consider the topics covered this week before answering this week's Homework questions. Topics are: Taking Risks and Making Profits within the Dynamic Business Environment | Understanding How Economics Affects Business | DOING Business in Global Markets | Demanding Ethical and Socially Responsible Behavior | Supply and Demand | Fiscal and Monetary Policy.

Each of your three responses should be a minimum of 100 words in length. Please be sure to include in-text (parenthetical) citations any time research is included, in APA format. There is also a fourth question, for which you are to provide a list of References in the final space provided. You are required to use at least one outside source to support your viewpoint, and this source can be the textbook. 

 

1. No one can predict a natural disaster or world crisis. When a hurricane or flood or a pandemic strikes a country, who is most likely to respond first? Which economic system is the best solution to handling a crisis of epic proportion? (Points : 13)

      
      

 

 

 

 

 

 

 

 

 

 

 

 

 

2. What advantages might a socialist system have in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January, 2010? (Points : 13)

      
      

 

3. When disasters hit an area, the cost of everything seems to go up immediately: food, water, housing, gas and so forth. Explain why this phenomenon may be a good thing, using the laws of supply and demand to explain your answer. (Points : 13)

      
      

 

4. List your references according to APA guidelines in the space below. You are required to use at least one outside source to support your viewpoint, and this source can be the textbook. (Points : 6)

      
      

 


 

 

 

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