ADM-614

ADM-614 Topic 2 Government in the Economy Assignment Write an essay of 1,000-1,250 words regarding public goods. Include the following: Explain what a public good is. Discuss how a public good is different than a private good. Discuss whether only government can supply a public good. Describe the challenges related Read more…

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   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 Competing Perspectives on the Proper Role of Government Assignment   Adam Smith, a very influential eighteenth-century political economist, wrote, “By pursuing his own interest, he frequently promotes that of the society more effectually than when he really intends to promote it” (cited in Stiglitz & Rosengard, 2015, 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   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   “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…