Nobody downloaded yet

Communication in Economics(Econ 479) - Essay Example

Comments (0) Cite this document
Summary
The flexibility given to US citizens when it comes to withdrawing money from retirement accounts has always elicited mixed reactions from different quarters. There are those who argue that the flexibility is required while others claim that it is having a negative implication in…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Communication in Economics(Econ 479)
Read TextPreview

Extract of sample "Communication in Economics(Econ 479)"

Download file to see previous pages Some nations have put in place strict rules in the retirement plans with the intention of ensuring that the wellbeing of the citizens is secured even after they come out of employment. This is the argument which David Harrison raises in the article. The article reports that there is need for more reforms to be initiated so that people are not permitted to withdraw the money prior to reaching the eligibility age. The suggestion in the article is valid but may not be hopeful in dealing with the retirement and financial issues facing employees today. Americans should be allowed to continue benefiting from their retirement account funds when need arises. What needs to be done is the formulation and enactment of procedures and policies that will help in striking a balance between the current financial needs which force them to use their retirement funds and the needs they will have to meet when they are out of employment.
One major reason why I believe that should be allowed to choose when to use their retirement funds is the fact that most employees still find themselves in difficult financial situations because of the prevailing economic conditions. Factors such as economic recession have directly affected the financial stability of most Americans. At times, employees are faced with heavy financial needs which in one way or the other affect their wellbeing and even their productivity. Without the flexibility in the rules, some people will not be able to meet their financial needs.
Needs like medical bills, eviction and foreclosure of a person residences makes it necessary for workers to look for immediate sources of funds (Ezra, Collie and Smith 58). Claims have been made that there are other avenues through which people can meet their financial obligations. However, some of the available options like loans from banks may apply only to those who still have more years in employment. The flexible ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Communication in Economics(Econ 479) Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Communication in Economics(Econ 479) Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/business/1696160-communication-in-economicsecon-479
(Communication in Economics(Econ 479) Essay Example | Topics and Well Written Essays - 750 Words)
Communication in Economics(Econ 479) Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/business/1696160-communication-in-economicsecon-479.
“Communication in Economics(Econ 479) Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/business/1696160-communication-in-economicsecon-479.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Communication in Economics(Econ 479)

Econ

...temporarily suspend the US$ pegging to Gold. This led to a breakdown of the system and by March 1973, the major currencies were no longer pegged to the US$ and began to float against each other. Subsequently, the IMF has assumed the role of maintaining the stability and preventing crisis in the international monetary system. The IMF does this by funding the countries in distress and by providing countries with surveillance (tracking economic data) and technical assistance (trainings for choosing and implementing the right economic policies). The key action of IMF is lending through Special Drawing Rights (SDR) to low-income countries or to countries needing emergency assistance. The value of SDR is...
1 Pages(250 words)Essay

Econ

...? “The government’s fiscal policy is its plan for spending and taxation, it is designed to steer aggregate demand in some desired direction” (Baumol and Blinder 600). The fiscal and monetary policy is important because it determines the amount of intervention or lack thereof by the government in stimulating the economy. The ‘invisible hand’ as proposed by the great economist Adam Smith and to whom the classical view is attributed to, suggests that the economy is able to repair itself without a need for a change in policies such as government spending or including tax reductions. Economic problems and such as recession naturally happen subject to correction by the economy itself. Keynes, on the other hand, argued for a...
1 Pages(250 words)Essay

International economics ECON-370

...INTERNATIONAL ECONOMICS a). The Grubel-Llyod index measures trade in a particular industry by using the following formula: Where Xi denotes exports of a good i. Mi denotes imports of a good i. Let GL1 represent automotives and GL2 represent Aircraft. GL1= 1- |88.2-228.2| 88.2+228.2 = 0.5575 GL2= 1- |50.3-27.0| 50.3+27.0 = 0.6986 GL= GL1+ GL2 = 1- |138.5-255.2| 138.5+255.2 = 0.7036 The indexes for the individual sectors are less than the total sector. These results show that both the intra-industry trade and inter-industry trade do not exist. By definition, intra-industry trade arises when a country imports and exports related types of goods or services simultaneously. Considering two countries as an example, Germany and...
7 Pages(1750 words)Assignment

Econ

...in the US was two digits in comparison to the current inflation rate, which is 2%. This condition of high inflation rate is believed to harm the economic growth in the long run because of the lack of price stability and increase in public uncertainty (Romer and Romer, 2004). Figure 5. The Long Run Effects of an Automatic Trigger for Fiscal Stimulus in AD-IA diagram Furthermore, automatic trigger for discretionary fiscal stimulus can widen the budget deficit of the US government. In fact, since 2002, the US government has running a growing budget deficit. Shown in Figure 5 is the actual and projected US government debt by the Congressional Budget Office. This projection was created by assuming that there is no change in...
5 Pages(1250 words)Essay

Econ

...04 December 2008 Using Economics in Everyday Decision Making At first, economics appears to be useful only in complicated situations in the market. For instance, I have always related economics in understanding the current recession in the United States, the downfall of Lehman, and even the depreciating dollar. However, this course has opened my eyes that economics operate even in the small decisions that I make every single day. True to the fact supported by economics, people have only limited resources which they use in order to satisfy their never ending needs and wants. Thus, they use these resources in order to make choices which will provide them...
3 Pages(750 words)Essay

Econ

... Federal Reserve and the Financial Crisis Question Financial panics were a big problem during the gold standard, causing many banks to close down. For example, there was a severe financial panic of 1893, which saw more than 500 banks failing across the country (FRFC, 18). Therefore, the gold standard was associated with financial instability, which in turn caused great frustrations to the banks. Since a gold standard requires that the value of currency be fixed in terms of gold, for example an ounce of gold being worth $20 and 60 cents, then gold had to be sort and brought to the central bank so that it could be valued relative to money. Additionally, with a gold standard, the central bank could not apply monetary policy in order... Federal...
3 Pages(750 words)Assignment

ECON

...PART I Question If France produces cars and camcorders only using specialized resources, which means some resources are more suitable in producing cars while others are more suitable for producing camcorders, then, considering the two graphs based on the initial description of specialized resources, graph 2, which is concave in shape best represents the trade-off France faces between producing cars and carmcorders. The concave shape of Graph 2 therefore, indicates that as France produces more cars and fewer camcorders, the opportunity cost of producing each additional car increases. Question 2 John and Akila illustrated that opportunity is value foregone for producing one product instead of the other (507). Opprotunity Cost... I Question ...
2 Pages(500 words)Essay

Econ

...Homework Figure no Demonstration of the reason why indifference curves cannot cross If we assume that indifference curve can cross, from the figure results that C is preferred to A, and B is indifferent to both A and C. Moreover, C must be indifferent to A, but this can happen if C is preferred to A. As a conclusion, indifference curves cannot cross. 2) a) Figure no. 2 Indifference curves for perfect substitutes The marginal rate of substitution is the slope of the indifference curves and is negative and constant when considering perfect substitutes. b) As mentioned above, the marginal rate of substitution for perfect substitutes is constant and does not satisfy the diminishing marginal rate of substitution property. c) Probably... Figure no ...
3 Pages(750 words)Assignment

International economics ECON-370

...International economics The empirical evidence regarding the benefits of NAFTA includes the fact that there was a wave of increased productivity and exports in Mexico, notably in the period 1987-1993 (Blecker, 7). The interregional free trade had stimulated productivity in Mexico, and thus allowed it to increase its exports, notably to the US, which accounted for 80.2% of its total exports by the close of 2008 (Blecker and Gerardo, 21). There is an indication that large Multinational corporations and financial institutions were major beneficiaries of NAFTA. Further empirical evidence indicates that there was a gain in the real wage increase for the workers in the US, despite Mexico experiencing a reduction in the real...
1 Pages(250 words)Assignment

Econ

...Due Cowen and Tabarrok: The Invisible Hand Cowen and Tabarrok said that,“See the invisible hand, understand your world.” This tagline applies to the modern approach in economics. This tagline meant that economics is a scientific type of misery which is deep, inspiring, fundamental similar to that of the universe which is rapidly expanding or those forces that tend to bind the matter. This statement tries to explain the manner in which order can result from the freedom of choice. This involves the Solow Model, ideas in economics, real exact business cycles and the Keynesian approach in economics.This approach assumes that when businesses fluctuate, then this is a clear interpretation of...
12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Communication in Economics(Econ 479) for FREE!

Contact Us