Economics Homework Help

PART 1: 

Choose one question from below

Respond to the question thoroughly with a minimum of 150-200 words.

It should include at least one reference from reputable sources (peer-reviewed journal articles and/or published books). 

These must be cited correctly in APA Sixth Edition format. 

1. You are the owner of a small sandwich shop. A buyer may offer one of several payment methods: cash, a check drawn on a bank, a credit card, or a debit card. Which of these is the least costly for you? Explain why the others are more expensive. (LO2)

• 2. Explain how money encourages specialization and how specialization improves everyone’s standard of living. (LO1)
• 3. Could the dollar still function as the unit of payment in a totally cashless society? (LO2) 
• 4. Give four examples of ACH transactions you might make. (LO2)

5. Despite the efforts of the United States Treasury and the Secret Service, someone discovers a cheap way to counterfeit $100 bills. What will be the impact of this discovery on the economy? (LO3)

6. Under what circumstances might money in the form of currency be the best option as a store of value (an asset that maintains its value)? (LO1)

7. Life insurance companies tend to invest in long-term assets such as loans to manufacturing
firms to build factories or to real estate developers to build shopping malls and skyscrapers. Automobile insurers tend to invest in short-term assets such as Treasury bills. What accounts for these differences? (LO3)

8. Car insurance companies sell many policies. Explain how this practice minimizes their risk. (LO5)

PART 2:

Responding Posts

Reply to at least one classmate’s post. Your response to your classmate’s discussion needs to be substantive by adding something new to the original comment.

Responding Posts should include a level of depth that enriches the discussion (i.e., reflection on their response, application of their comment to the workplace, reference to the literature, etc.). 

CLASSMATE’S POST (Blake)

Question- Give four examples of ACH transactions you might make. (LO2)ACH, Automatic Clearing House, is an incredibly useful and widely used way to transfer funds between entities. A common use for ACH thousands of others and I utilize regularly is paying bills. Whenever an automatic payment is established, ACH is the convenient tool for direct payment to whoever is requesting. Many homeowners use ACH for their mortgage payments, in addition to utility bills. Another way that ACH is utilized is when distributing or accepting payroll payments. When an employer sends compensation to an employee it is automatically deposited into the employee’s account. In this case, both the employee and employer have ACH helping them complete their transaction.  And this is only one of the ways which businesses use ACH, “ In addition to offering payroll deposit programs to employees, many businesses use ACH to pay suppliers and contractors electronically.”(Weiner, 1999), companies utilize ACH for a variety of transactions. One of these uses is a business paying its taxes. Lastly, an ACH transaction I may participate in is buying clothes using debit cards. Many debit card and credit card transactions utilize ACH, so in numerous stores that accept debit cards for payment, ACH allows transactions to speed up. ACH is an effective means of payment.                                                                                      

Grading Rubric for Individual Discussion Questions

Discussion Grading Rubric

Initial Post Content 

30%

% of Points Available

• 30%
• % of Points Earned

Additional Comments:

· 30.0 to >27.0 pts / Excellent

· Demonstrates strong or adequate knowledge of the materials; correctly represents knowledge from the readings and sources.

1. · 27.0 to >24.0 pts / Good

· Some considerable but not major errors or omissions in demonstration of knowledge.

· 24.0 to >21.0 pts / Needs Improvement

· Major errors or omissions in the demonstration of knowledge.

· 21.0 to >0 pts / Does Not Meet Requirements

· Fails to demonstrate knowledge of the materials. No knowledge of the material

%

Initial Post Research 

20%

% of Points Available

20%

% of Points Earned

Additional Comments:

· 20.0 to >18.0 pts / Excellent

· Sources or examples meet required criteria, are scholarly, and are well chosen to provide substance and perspectives on the issue under examination. Clear use of LIRN or other research databases. Proper use of APA citations.

· 18.0 to >16.0 pts / Good

· Sources or examples meet required criteria but are less?than adequately chosen to provide substance and perspectives on the issue under examination. Proper use of APA citations.

· 16.0 to >14.0 pts / Needs Improvement

· Sources or examples meet the required criteria but are insufficient to provide substance and perspectives on the issue under examination. Missing or incomplete APA citations.

· 14.0 to >0 pts / Does Not Meet Requirements

· Source, for example, selection and integration of knowledge from the course, is deficient. APA citations were not used.

%

Initial Post Writing Quality 

20%

% of Points Available

20%

% of Points Earned

Additional Comments:

· 20.0 to >18.0 pts / Excellent

· Posts progress logically, and ideas are well-developed and cohesive. The writing is free of grammatical, mechanical, and stylistic errors.

· 18.0 to >16.0 pts / Good

· Posts progress logically, and ideas are fairly complete. The writing has some grammatical, mechanical, or stylistic errors.

· 16.0 to >14.0 pts / Needs Improvement

· Posts often do not progress logically, and ideas are often not fully formed. The writing has significant grammatical, mechanical, and stylistic errors.

· 14.0 to >0 pts / Does Not Meet Requirements

· Posts lack logical flow, and ideas are not fully formed. The writing has substantial errors in Grammar, mechanics, and style so that the basic ideas are lost. Ineffective writing and Grammar.

%

Timeliness 

10%

% of Points Available

10%

% of Points Earned

Additional Comments:

· 10.0 to >9.0 pts / Excellent

· Initial post before deadline.

· 9.0 to >7.0 pts / Good

· Initial post one day late. -2 points

· 7.0 to >5.0 pts / Needs Improvement

· Initial post two days late. -4 points

· 5.0 to >0 pts / Does Not Meet Requirements

· Initial post three days late. The assignment was not posted in-time.

%

Follow up Post Quality 

10%

% of Points Available

10

% of Points Earned

Additional Comments:

· 10.0 to >9.0 pts

· Excellent

· Follow up posts demonstrate mastery of content, connection with other students and faculty, organized, clear, concise, and focused writing.

· 9.0 to >7.0 pts / Good

· Follow up posts demonstrate at least 3 of the following: knowledge of content, connection with other students and faculty, organized, clear, concise, and focused writing.

· 7.0 to >5.0 pts / Needs Improvement

· Follow up posts demonstrate at least 2 of the following: knowledge of content, connection with other students and faculty, organized, clear, concise, and focused writing.

· 5.0 to >0 pts / Does Not Meet Requirements

· Follow up posts demonstrate one or none of the following: knowledge of content, connection with other students and faculty, organized, clear, concise, and focused writing.

%

Follow up Post Quantity 

10%

% of Points Available

10

% of Points Earned

Additional Comments:

· 10.0 pts / Excellent

· Two follow-up posts with more than min word count.

· 7.0 pts / Good

· Follow-up post not substantial content

· 5.0 pts/ Needs Improvement

· One follow-up post

· 0.0 pts / Does Not Meet Requirements

· Did not participate in the follow-up post.

%

.

Grammar grade: %

Plagiarism: 0%

Total Available

Total Earned

xx/100%