Economics Questions

Economics Questions

Question 1

The Federal Reserve Board (FRB) of the United States provides the nation with a safe, stable, yet flexible monetary and financial system. Therefore, the actions of the FRB should allow for changes to broad monetary policies for the implementation of the government’s fiscal policy (Pride, Hughes, & Kapoor, 2013a, p. 525). These actions include oversights and management of currency production and distribution, public sharing of statistical information, and promotion of employment and overall economic growth. All these measures affect the discount rate whose shifts change the building blocks of macroeconomics, such as consumer borrowing and spending.

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Exploring Dissimilarities between a Problem Question and Law Essay


According to Holland and Webb, ‘law is a system of rules laid down by a body or person with the power and authority to make law. It is also a system of rules grounded on fundamental principles of morality.’[i] While essay questions are mostly used to assess student learning of areas of law, the key characteristics of an effective law essay are sometimes confused with those of the research problem. However, the two are fundamentally different. This report discusses the different approaches used for writing a legal essay and a problem question in a bid to compare them (Holland and Webb).

Qualities of an effective law essay

A typical structure of an essay should depend on five paragraphs, which should feature an introduction, a body with three comprehensive paragraphs, and lastly a conclusion section. The introductory section is the claim, while the body part consists of an evaluation of law, while the conclusion part consists of the outcome. The introductory section is supposed to introduction the subject of discussion and the background of a claim or thesis statement. However, while it is intended to set the stage by providing some background data, it should be brief, and one does not need to spend a lot of time in this section, as much of the data should be integrated into the three subsequent paragraphs in the body section. In fact, insignificant information should be omitted and what is left should be important (Strong 118-120).[ii]

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Good Teamwork Is Critical To Developing Good Quality Software Systems

The human effort is a core as well as critical concern for both the success and failure of the development of the information system. The execution of tasks involved in the development of the software is dependent primarily on the human effort (Fui-Hoon, Lee-Shang, and Kuang 2001). If the task small enough and can be handless by a single individual, then it is needless and uneconomical to engage in a team for such a goal to get accomplished. However, the increase in the scope of a task calls for means that a sole individual is not capable of performing the whole task to its completion (Faraj and Sproull 2000). Therefore it is true that every software developments completes it task efficiently and effectively by the help of a team.

A team refers to a small number of individuals possessing complementary skills and have a commitment towards a common purpose, a set of performance goals, and the approach in which they deem themselves mutually accountable(Chow and Cao 2008). There are four common types of teams classified as work teams, project teams, parallel teams, and the project management teams. The work teams comprise of members who are responsible for the development of products or services. Parallel teams encompass individuals from the different positions that come together to perform roles that a regular organization is unable to perform. This team is therefore purposed for problem-solving as well as improvement activities. Project teams are meant for producing a one-time output. Lastly, the project management teams are responsible for an overall performance of any given project. Software development teams, therefore, falls within the work teams(Faraj and Sproull 2000).