Two  pages should be sufficient for each question.

1. In his book, Rewarding Work: How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197), economist Edmund Phelps offers this plan to help the working poor: apply tax credits for “qualified employers” or hire disadvantaged people for “eligible jobs.” Evaluate this plan in terms of market incentives, one of the ten principles of economics, to work and current welfare programs. Is the Phelps’ plan an improvement over current government policies? Discuss.
2. The availability of investment capital is critical for a market economy to grow. Explain how this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production. Also, explain how interest rates impact the availability of investment capital.
3. Your text, on page 629, lists three arguments for trade restrictions. Since economists do not favor trade restrictions, and this is a course in Managerial Economics, make the case as an economist against trade restrictions for these three items. Are there any arguments for trade restrictions that most economists would support? Discuss.
4. Who was responsible for the global financial crisis of 2007-2009? Free-Market capitalism, government intervention, or a combination of both? Identify the causes of the crisis, the steps the private and public sector took to resolve it, and what leaders should do to keep it from happening again. Remember, banks are profit making firms who supply capital to suppliers of goods and services.

Your paper should reflect scholarly writing and current APA standards. Please include citations to support your ideas.

Please make it relevant to my personal life. I am a white, 22 year old female. I work full time, in school full time, have one dog to take care of, a house, am enegaged and planning my wedding that will be Oct 1, 2016. I try to go to the gym 3-4 times a week and spend time with my family one a weekly basis. 

Assignment 1: Personal Reflection Journal Entry
Due in Week 4 and worth 175 points

In this assignment, you will review your current level of adjustment.

Write a one to two (1-2) page paper in which you:

1. Reflect on how well you are:

1. 1. adjusting to your life in terms of subjective well-being, diversity, contexts, and / or thinking critically.
   2. balancing your priorities, specifically with home, work, school, recreation, and / or family.
   3. developing your identity, specifically self-esteem, self-concept, ethnicity, and / or gender.
   4. coping with stress, specifically social support, multiple coping strategies, and / or self-control.

Your assignment must follow these formatting requirements:

• Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides; Since the only resources you will be using for this assignment are the article and your textbook, you need not include a reference page. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

• Define psychology and psychological adjustment.
• Identify contextual variables (e.g., culture) that impact psychological adjustment.
• Describe self-concept, self-esteem, and identity.
• Define stress, stressors, and coping strategies, and contemplate their relationship to health and wellness.
• Use critical thinking skills to reflect on personal experiences with adjustment and identify new strategies for personal growth.
• Use technology and information resources to research issues in psychology.
• Write clearly and concisely about psychology using proper writing mechanics.