Professional Documents
Culture Documents
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Discussion Question 1
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Visitthe Interactive Activity: Supply and Demand Web site available on Week
Two of your student Web site.
Read the material posted about supply and demand. Explore the concepts of
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Locate and summarize two sources to help you answer the following questions
about the industry you chose.
o Define externalities and research any negative or positive externalities the
industry produces. Does the transaction of a buyer and seller directly affect a third
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Discussion Question 1
Post your response to the following: There are four different types of
business organizations: monopolies, oligopolies, monopolistic competition, and
competitive firms. Describe each type of firm and give an example of each. How
would you classify the electric power industry in your area? Explain your reasoning.
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Discussion Question 2
Assignment: Taxation
Choose a good (product) that is taxed. For example, you could look at the
taxation of alcohol.
Locate at least two articles that discuss the local, state, or federal taxation of a
good.
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Write a scenario that would cause a shift in labor supply and demand. The
following areas have had high job growth rates and may be used for your scenario:
transportation, insurance, technology, and health care industries. You can either
make up a scenario or use real data and information.
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Discussion Question 1
Discussion Question 2
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Research monetary and fiscal policies that have affected your chosen industry.
Locate two sources and summarize the articles to help you answer the
following questions about the industry you chose:
o How have these policies affected the employment rates for your chosen industry?
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What are the most important concepts you have learned in this course? How
can you apply them to your life? What difference can these concepts or tools make in
your everyday life?