ADM-614 Topic 2 DQ 2 Read Rent Control and Agricultural Price Supports: Case Studies in Government Failure

ADM-614 Topic 2 DQ 2 Read Rent Control and Agricultural Price Supports: Case Studies in Government Failure   Read Rent Control and Agricultural Price Supports: Case Studies in Government Failure (in Stiglitz and Rosengard, 2015, p. 211). What are the four (4) major reasons for government failure? Briefly explain each. Which of the Read more…

ADM-614 Topic 2 DQ 1 Some economists, like Ronald Coase, argue that many public-good problems would be resolved by expanding private property rights

ADM-614 Topic 2 DQ 1 Some economists, like Ronald Coase, argue that many public-good problems would be resolved by expanding private property rights   Some economists, like Ronald Coase, argue that many public-good problems would be resolved by expanding private property rights (see Property Rights, Excludability, and Externalities on page Read more…

ADM-614 Topic 1 DQ 2 Most economies today are “mixed economies,” in which there is a both a public sector and a private sector

ADM-614 Topic 1 DQ 2 Most economies today are “mixed economies,” in which there is a both a public sector and a private sector   Most economies today are “mixed economies,” in which there is a both a public sector and a private sector. Explain the following two justifications for government Read more…

ADM-614 Topic 1 DQ 1 “Positive” and “normative” economics is the study of “what is” and “what should be,” respectively

ADM-614 Topic 1 DQ 1 “Positive” and “normative” economics is the study of “what is” and “what should be,” respectively   “Positive” and “normative” economics is the study of “what is” and “what should be,” respectively. Describe the differences between the two concepts. Consider the following statement: Inequality is the most Read more…

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