How has this impacted the economy as a whole

Reference no: EM133621287

Assignment: Microeconomics

Objectives:

1. Apply marginal thinking to improve decision-making
2. Illustrate how decision-making differs based on the nature of market competition

Task

After viewing videos in Lessons, respond to the prompts. Each response should be at least a few sentences. YouTube Video "Ep. 1: CAVE-O-NOMICS | Morgan Spurlock".

Question A. In your own words, explain how regulation should work in a perfect world (based on how it works in the Lemonade War video).

Question B. Who benefits more from government regulation - big or small businesses? Why?

Question C. How do loans, such as small business loans and mortgages, help the economy?

Question D. What has increased more over the past 40 years-household income or household debt? Why is this the case? How has this impacted the economy as a whole? How has this impacted individual consumers? How has this impacted our banking system?

Question E. Explain why That Film About Money claims that our economy is based on an illusion? Based on what you learned from these films, do you agree or disagree with this statement? Explain.

Question F. What are your thoughts about Detroit after viewing The City on the Rise?

Reference no: EM133621287

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