Project #48833 - Discussion Question

There are three separate economic discussion question each one has a 200word count APA format references where needed for question

 

1. Jesus once stated "As much as you do unto the least of these you do unto me". Given that much of the world's population lives on approximately $ 2 per day and a recent report showed that the wealthiest 85 people in the world own as much as the poorest 50% (about 3.5 billion people), does it seem we have much to do to live up to this view of how we best serve Christ? Are those who have been blessed with abundance called to develop policies that help those who have need? Are there better ways you can conceive to do this?

 

2. While some industries such as raw agricultural products have many of the characteristics of perfect competition, there really are no true examples of perfect competition in the U.S. economy.

Why then is it important to study the economics of a perfectly competitive market?

Do you consider it to be a mere academic exercise or is there value in understanding the concepts? Explain.

3.Since markets are more efficient when characterized by competition, why are so many markets in the United States not very competitive? For example, mergers and acquisitions seem to occur regularly and reduce competition. Consider for example the airline industry where large firms have merged and the tire industry where many brands prevail that are controlled by a few large firms. Milton Friedman once said: "With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves". Do you agree with this statement? Why or why not?

 

 

Subject Business
Due By (Pacific Time) 11/26/2014 12:00 am
Report DMCA
TutorRating
pallavi

Chat Now!

out of 1971 reviews
More..
amosmm

Chat Now!

out of 766 reviews
More..
PhyzKyd

Chat Now!

out of 1164 reviews
More..
rajdeep77

Chat Now!

out of 721 reviews
More..
sctys

Chat Now!

out of 1600 reviews
More..
sharadgreen

Chat Now!

out of 770 reviews
More..
topnotcher

Chat Now!

out of 766 reviews
More..
XXXIAO

Chat Now!

out of 680 reviews
More..
All Rights Reserved. Copyright by AceMyHW.com - Copyright Policy