information system security 3
June 10, 2021
Week 2 Discussion Discussion Description: The discussion for this week will be used to help students: use the Keiser Online Library to find and identify different types of research articles effective
June 10, 2021
Show all

week 2 discussion 41

Week 2 Economic Discussion

Answer these 8 Questions in 75 word count for each.

Ch. 2 The Market Systems and the Circular Flow

1. What is the difference between laissez-faire capitalism, the command system, and the market system?

2. How does the “invisible hand” operate and why do market economies usually do a better job than command economies at efficiently transforming economic resources into desirable output?

CH.4 Market Failures: Public Goods and Externalities

3. What is the origin of both consumer surplus and producer surplus? How do properly functioning markets maximize consumer and producer surplus while optimally allocating resources?

4. How do positive and negative externalities lead to under- and over-allocations of resources?

Ch. 5 Government’s Role and Government Failure

5. Why does “government failure” happen?

6. How can the government’s power to coerce (influence economic behavior) be economically beneficial?

Ch. 6 Elasticity

7. What is the usefulness of the total revenue test for price elasticity of demand?

8. What are the factors that affect price elasticity of demand and price elasticity of supply? What are some applications of each?

 

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code “Newclient” for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.


The post week 2 discussion 41 appeared first on Custom Nursing Help.

 

"Are you looking for this answer? We can Help click Order Now"