1. The U.S. is a capitalistic society. What are the advantages that businesses and individuals have in this economic structure versus in a socialistic structure? Provide one example of how the U.S. capitalistic economy has influenced the world economy. How has this affected the American business and the American citizen?

2. The world is constantly changing. How does the standard of living differ for the average American versus for the average person living in India? Choose two factors that can improve the quality of life for the people living in India. Conduct outside research to support your answer.

3. A change in human resources can have a major impact on businesses and our daily lives. List two demographic changes that will occur in the future. Provide an example for each change, and describe how these changes will transform American business and affect the American workforce.

4. There are many reasons for changes to be made to our plans to reach our goals in life. In this instance, consider how macroeconomics and microeconomics impact our daily lives. Describe two economic examples of issues that affect our decision-making processes and that may change our quality of life.

Answers must be at least 200 words in length. Please include references