[SOLVED] discussing the  US  Fiscal  Policy

1 Short Argumentative essay of 1,000 words on discussing the  US  Fiscal  Policy,  from  your  scientific  Macroeconomics
book/e-book Only (not outside sources!).
i. Briefly define and exemplify your topic
ii. Briefly show its pros and cons
iii. Briefly remedy the cons
iv. Briefly  suggest  how  it  may  impact  your  personal  and/or  your
career developments
Textbook (Macroeconomics:  Logic,  Science,  Policy,  Fourth  Edition,  by  Samuel  Sarri,
PhD and Edward Dolan, PhD.)
A Sample Mini Essay
A final miniessay (a short Economics paper) should amount to 1000 words (4 pages), on either one (not both) of the topics listed in your Syllabus, please. You may, further, choose any Socratic demonstration in your Micro OR macro textbooks, especially Chs. 1-3.
Please use any other professional style (MLA, APA, Oxford, Chicago,…) you are comfortable with.
Please make sure you proofread and/or edit your Final miniessay before submission.
Please Recall that the Economic Way of Thinking (EWOT) & Critical Thinking Writing
Methodologies are Highly in Demand in a 21st Century Competitive Globalization Economy, Trade, Finance, and Forex. Also, please review your LMESTG approach!
Each Miniessay Must englobe 4 axes or dimensions, viz.:
A Brief description/explanation, with at least one illustration, of your chosen Concept or Method, per Each Assigned Chapter.
An Identification, with at least 1 example, of the Strengths (Pros) and Weaknesses (Cons) of the selected concept/method per Each chapter.
A helpful Recommendation on how to remedy to the Weaknesses (Cons) of the chosen theme/topic per Each chapter.
A linkage (application) of the chosen theme, per Each chapter, to your: a) Life
Enrichment; and, b) Career or professional (entrepreneurial) development.
Thusly: Suppose you are to Select the Concept (Fundamental, Basic, Law) of Opportunity Concept, OC (Chapter 4 in your Micro- or Macro-economics textbook) OR Globalization (G) in Chapter 1 (Globalization Economics, Trade, Finance, & Forex textbook). Then, you will need, say, for OC; hence: to Describe; Identify the Pros & Cons; Fix the Cons; and, Link OC to your
Personal Enrichment and Professional Development. Henceforth:
The Concept/Approach of OC is foundational to the Science of Economics, Micro- or Macro-, Domestic or Global, as OC is rooted in Scarcity—Reason d’Etre of Economics. Namely, Resources, R (Nature, Labor, Capital) are Limited (Finite) whereas Needs, N (Wants, Desires) are Unlimited (Infinite). As a result, societies inherently face an Inequality between R and N. Symbolically, R<N or N>R. To equalize between the 2, a new Social Science (Microeconomics—individual behavior; and Macroeconomics– collective behavior) is born. Precisely, people are to make Rational Choices to Optimally Satisfy their Needs or Desires. And, 1 fundamental metric to measure the cost of the finite R is the standard of OC. That is, one is to assess the true cost (opportunity, implicit, invisible) of any economic decision to render it effective, optimal, or plausible. For instance, assume that I have only $2 (limited budget) in my pocket to choose between spending it on a newspaper OR a cup of tea. The two are mutually exclusive. Clearly, if I spend the $2 on the newspaper, I must abandon buying cup of tea and vice versa. Moreover, to an accountant I have spent $2 (explicit, out-of-pocket-money) on either (but I cannot for both, given the mutual exclusiveness). To an economist, however, there is more to the $2 than just the explicit cost, viz., ‘what I might have done’ with the $2, say, investing it in a Penny Stock and expecting a 10% gain or $.20. Therefore, the true cost of the cup of tea (or the newspaper) is $2.20 (+$2 + $.20). Therefore, OC is that which I have given up to embark upon the best alternative or option or decision. I n short, OC mirrors the true cost of a decision—micro (purchasing an individual good or service) and macro (deciding on Health or Education for the whole country).
OC provides a clear, consistent, and cogent explanation and argument to deciding amongst alternative or competing goals. OC is Specific and Measurable. It is Constructive and Balanced, as to accounting for our informed and effective economic decisions. Alas, it is Subjective, as it is valued individually, being subjectively 10% while it could be valued to 5%, 12%, 15%, or what have you.
As an emerging Economist (microeconomist or macroeconomist or both; USA or abroad), I ought to make certain that my determination of the OC is valued as objectively as possible and in light of the most credible and current data of the underlying economy—its current R & N.
OC is useful to my personal enrichment when consuming, producing, investing, and distributing amidst goods, services, e-goods, and e-services, at home and/or overseas; domestically and/or internationally; and regionally and/or globally. Furthermore, OC is a decisive tool for analyzing, or assessing, the limited resources and the unlimited wants of my employer (private or public) or of my own entrepreneurial activity (business), investment portfolio, consumption, production, entertainment, and so forth.
Good luck