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Discussion
How do government policies and/or regulations factor into changes in economic activity on both a domestic and global scale?
• Give a specific example of a policy or regulation that has helped economic activity.
• Give a specific example of a policy or regulation that has hindered economic activity.
• If you were an economist who was tasked with evaluating this policy or regulation, what are some ideas you would suggest for changing it in a way that would achieve the same goal but not hinder economic activity?
• Finally, state whether or not you enjoy these types of evaluations and if you would consider these types of responsibilities in a future career.
How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar?
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