Efficient and solves basic economic problems

Assignment Help Macroeconomics
Reference no: EM133203082

For this discussion forum, begin by reading the following statement and decide whether you agree or disagree with the statement:

"The free market system is the best economic system since it is the most efficient and solves basic economic problems." 

In a post of several paragraphs, discuss the reasons why you agree or disagree with the above statement. What evidence from the lesson or outside research can you find that supports your stand? How can you connect your argument with the terms and ideas we have studied in this lesson? Include in your post evidence for your stand, especially related to the specific reasons why one system works better than another. Keep in mind that each economic system has advantages and disadvantages: even if you agree with the statement, be sure to acknowledge any weaknesses of the free market system.

Reference no: EM133203082

Questions Cloud

Compare and contrast important cultural elements : INT 220 Southern New Hampshire Assignment - Political and Economic Profile Essay. Compare and contrast important cultural elements
What process measures will you use : Do you plan to use quantitative, methods, qualitative methods, or both? On what did you base this choice and What process measures will you use?
Globalization will not be the same in post-pandemic world : The motion is: "Globalization will not be the same in the Post-Pandemic World." Bellleville University.
Summarize the concerns that brought the client : Summarize the concerns that brought the client to the behavioral health office and Identify what the client was hoping to learn or gain by coming
Efficient and solves basic economic problems : For this discussion forum, begin by reading the following statement and decide whether you agree or disagree with the statement:
Problems in achieving acquisition success : Given that there have been performance difficulties of this "merger of equals," which of the "Problems in Achieving Acquisition Success"
Describe the oversight function as it applies to us congress : How is the ability of members of Congress to effectively carry out oversight impacted by both the reelection obsession.
Identify some of the key stakeholders at Strayer : HRM 517 Managing Human Resource Projects Assignment - Impact of the Time Keeping System Discussion, Strayer University
Adjust hr practices to account for cultural nuances : Adjust HR practices to account for cultural nuances - Increase Indigenous Candidates' success in seeking employment opportunities whilst maintaining

Reviews

Write a Review

Macroeconomics Questions & Answers

  What is the targeted federal funds rate

What is the targeted federal funds rate and how does the FOMC evaluate the balance of risks between its goals of price stability and sustainable economic growth?

  Why would each firm not increase its output given

In the Cournot homogeneous oligopoly model, why would each firm not increase its output given both firms are choosing the Nash Equilibrium?

  1 suppose the demand for baseballs is given by q 200 - 8pa

1. suppose the demand for baseballs is given by q 200 - 8p.a. waht is the price elasticity of demand when p6?b. at

  Fill in the blanks-show marginal utility that rene derives

The following table shows Rene's total utility from eating escargot. Fill in the blanks that show the marginal utility that Rene derives from eating escargot.

  Percentage change in the college student population

In a certain year, the population of a small college in Canada was 6500. Ten years later, the student population reached 8000. The percentage change in the college's student population over the ten-year period was:

  Compute national income from the gdp

Using the data in Exhibit 11, compute national income (NI) by making the required subtraction from the GDP. Explain why NI might be a better measure of economic prerformance than GDP.

  Question about open economy multiplier

In a closed economy, marginal propensity to consume .6. If the economy opens up to world and marginal propensity to import is .4, using the Keynesian model of output determination;

  Advise the federal reserve chairman

Assume that you have been invited to advise the Federal Reserve Chairman about the direction of U.S. monetary policy for the year ahead.

  What governmental policies and regulations could enhance

Has the Jones Act outlived its purpose? What governmental policies and regulations could enhance the prosperity derived from ports and their operations?

  Absolute advantage and comparative advantage

Discuss how absolute advantage and comparative advantage differ? Kyle can read 20 pages of the economics in an hour. He can also read 50 pages of history in an hour. He spends 5 hours pre day studying. Draw Kyle's production possibilities fron..

  What implications that waltz draws from his systems theory

What are some of the implications that Waltz draws from his structural/systems theory of international politics? Central claims abouthow states conduct their business in relation to one another.

  Depends on your discussion what is the most critical element

Depends on your discussion, what is the most critical element(determinant) when considering the determinants of supply. In other words, what determinant has the greatest influence on the economy.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd