economics 111
in the assignment you will be asked to address to major issues in economics today. for each describe the current controversy and then choose a side and present your own arguments in favor or against a position you select.
1. at the World Economic Summit at Davos Switzerland during January, the number one problem facing the world was identified by numerous participants as inequality of income, wealth, and power. Describe the sources of such inequality and propose solutions to this diffuicult problem. tell us how your solutions will help the world economy.
2. President obama has proposed that the federal minimum wage be increased $7.25 to $10.10. Describe the pros and cons of making such a change. Should the minimum wage be raised? Why or why not?
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