Part 1- APA FORMAT- 250 Words- 3 References

Discuss whether it is a constitutional violation for any entity other than Congress to make a law.  In addition, evaluate whether Congress should raise the mandatory minimum wage.  Which ethical framework would persuade you in an argument in favor of raising the minimum wage?  Which ethical framework would support a decision against raising the minimum wage?

Incorporate the required readings, as well as outside research, and support your statements. All material used must be cited. 

Part 2- APA Format- 250 Words- 3 References- Pick 1 of the two topics

Topic 1. Define your region!

Give us a short description of the “region” you live and work in using some of the criteria for regions described in our text book. Can you describe the boundaries of the functional region your home or workplace is located in?

The link below shows one way that the state of Arkansas can be divided into regions. Can you find a similar map for your home state or area?

www.arkansas.com/images/fishark_regional_map.gif

Topic 2. Globalization

Globalization is a key theme of geography and is a main reason that taking a course like this is important.  Examples of globalization are all around us.  Your textbook provides a good definition of the concept, but I also like to think of globalization simply as “a world increasingly linked.”  Globalization is not a new phenomenon, but it has certainly ramped up in recent years, and has become much more pervasive due to the rise of information technology, quicker transportation, and transnational corporations. 

For this forum topic, I’d like you to find your own such examples of globalization as you see and experience it. This may be in the form of an online map, a news article, or a photo you’ve taken.   Please share your example with us, either by providing a link to your example, or inserting an image in your response.  

After you’ve explained your example, then provide your opinion on globalization.  Do you think this is generally a positive trend in which we, as world citizens, gain more than we lose, or on the other hand, are you concerned about the loss of distinctive cultures that can result from this increasing interconnectedness?

The purpose of this is assignment is for students to review the basic principles of economics and the concepts of the circular flow model, showing the connectivity of society’s economic players and the flow of goods and money within an economy. Students will learn how society allocates its scarce resources and how economists are both scientists and policymakers. Students will define GDP and CPI and how they are calculated. 

Assignment Steps

Resources: National Bureau of Economic Research; Principles of Macroeconomics: Ch. 1, 2, 3, 4, 5, 6, and 7

Scenario: Your organization’s CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing a report to introduce some of these thoughts and principles.

Develop a 1,050-word report to the members of the strategic planning committee explaining the following information:

• How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources.
• Using the circular flow model, explain the flow of money and goods in an economy. How do the different players relate to each other creating this flow?
• A country’s gross domestic product (GDP), how it is defined and calculated, and its relevance as an indicator of growth within the economy.
• How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living.Discuss the relevance of how the CPI is built and the components it measures.

Format the assignment consistent with APA guidelines.