Scenario: Your organization’s CEO is concerned that members of the Planning Department are not familiar with current economic thought and principles….

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Scenario: Your organization’s CEO is concerned that members of the Planning Department 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 report to explaining the following information:

How economists support 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 open economy.
Describe the role of government in setting and enforcing rules.
Explain the contribution of international trade to the circular flow.
Discuss the four factors of production and how each contributes to or inhibits economic growth.
Explain how productivity drives real economic growth.

 
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Scenario: Your organization’s CEO is concerned that members of the Planning Department are not familiar with current economic thought and principles…. was first posted on October 2, 2020 at 10:18 pm.
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