Read this BBC article on the US stimulus package, and answer the following questions:Level 1: Knowledge
1) Identify 2 factors in the first paragraph that support the statement “The US economy is entering its sharpest downturn since before World War II”.
Level 2: Application
2a) Explain how a low interest rate may be useful in improving the US economy
2b) Comment on the US Senate’s changes to the fiscal stimulus package. List 2 further changes that the senate could have made.
2c) Construct a table of items included in the US fiscal plan
Level 3: Analysis
3) Analyse the effectiveness of tax cuts as a component of the US stimulus package
Level 4: Evaluation
4) Recommend a suitable change management process for any business that must reduce its workforce due to the current world economic situation.
Note Level 1 – Level 4 are questions based on IB standards where
Level 1: Knowledge
Level 2: Application
Level 3: Analysis
Level 4: Evaluation
Words in bold (define, explain…) have a specific meaning in the IB Diploma Program (DP). The meanings are in Glossary of Command Terms Section of the IBO DP Business and Management Guide available at the OCC and from my website
