BMGT discussion 1

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Learning Activity #1

This week a point was made in the readings that business is about change. One significant change that has occurred in business is the legalization of marijuana. Once illegal, many states have legalized the use of marijuana. Below is a list of companies that sell marijuana.

Scotts Miracle-Gro
Canopy Growth
GW Pharmaceuticals
Insys Therapeutics
CanniMed Therapeutics

Using your research and the course material to support the ideas and conclusions presented:

  • Explain the relationship between business, government and society.
  • Depict this relationship by researching one of the companies and explain how the business is regulated.
  • Research how the federal government and state government regulates companies that produce marijuana products.
  • Explain how the actions of the specific business and the government influences society?

Learning Activity #2

Review the table below. Items across the top row in purple represent economic topics, while items in the blocks below in black represent factors.

Complete the following tasks:

  • Explain the difference between microeconomics and macroeconomics.
  • Discuss each economic topic and identify whether the economic topic is relevant to microeconomics or macroeconomics and explain why.
  • Select one factor from two of the economic topics and explain how the factor exemplifies the economic topic.
  • Only respond to classmates who have chosen at least one different economic topic than what you presented.
  • Use the course material to support the ideas presented. You are not using external source material to answer this learning activity.

Balance of Trade

Supply and Demand

Company Use of Scarce Resources


GDP Health Indicators

US selling wheat to Australia

Selling human organs on the black market

Credit card interest rates

Aging population

Decrease in Federal interest rates

Apple’s relationship with Foxcomm to produce iPhones

Workers not willing to work for minimum wage

Freezing weather in Florida

Health Insurance

A upturn in the housing rate

Buying coffee

Gas prices when hurricane destroys several US offshore platforms

Blue crabs from the Chesapeake Bay

Wage stagnation

Mortgage interest rates

Self-Plagiarism: Self-plagiarism is the act of reusing significant, identical or nearly identical portions of one’s own work. You cannot re-use any portion of a paper or other graded work that was submitted to another class even if you are retaking this course. You also will not reuse any portion of previously submitted work in this class. A zero will be assigned to the assignment if self-plagiarized. Faculty do not have the discretion to accept self-plagiarized work.

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