Can democracy survive if a majority of the citizenry pay little or nothing in taxes while benefiting directly from a higher level of government spending?
Democracy and Taxes
After reading Special Topic 1 and Special Topic 2, write a 2-page paper answering and describing: Can democracy survive if a majority of the citizenry pay little or nothing in taxes while benefiting directly from a higher level of government spending? Why or why not? Discuss.
ECN201 Microeconomics
Week 2 Assignment
Changes to Supply, Quantity Supplied, Demand, and Quantity Demanded
Using the table, for each line item and its associated column, describe how the market for each specific product will be affected by the associated event indicating whether it will rise, fall, or no change. For example, in the first line item for the market of corn, based upon the event of a severe drought, the price will either rise or fall or no change, demand curve will shift left (fall) or right (rise) or no change, supply curve will shift left (fall) or shift right (rise) or no change, quantity demanded will rise, fall, or no change, and quantity supplied will either rise, fall, or no change.
Event
Market for:
Price
Demand Curve
Supply Curve
Quantity Demanded
Quantity Supplied
A severe drought hits the Midwest corn growers
Corn
The U.S. government reduces taxes on imported lumber
New Home Building
The federal government raises the minimum wage from $7.25 per hour to $11.00 per hour
Minimum wage jobs
Technology improves for automobile assembly
Autos
ECN201 Microeconomics
Week 3 Assignment
Housing Collapse Paper
After reading Special Topic 5, write a 2-page paper answering the following:
Why did housing prices rise rapidly during 2002 – 2005?
Why did the mortgage default rate increase so sharply during 2006 and 2007 even before the 2008 – 2009 recession began?
What did the Community Reinvestment Act have to do with the housing bubble and collapse?
Cite your sources as needed. Use APA formatting.
ECN201 Microeconomics
Week 4 Assignment
Causes of the Great Depression
After reading Chapter 7 and Special Topic 6, write a 2-page paper answering the following question:
Contrary to a popular view, the Great Depression was not caused by the 1929 stock market crash. We have had similar reductions in stock prices to those in 1929 before and after the Great Depression. What historical events took place that directly led to the prolonged depressed conditions like those of the 1930s?
Cite your sources as needed. Use APA formatting.
ECN201 Microeconomics
Week 5 Assignment
Costs Table
Directions: Fill in the table.
Units of Output
Total Costs
Total Fixed Costs
Total Variable Costs
Average Total Costs
Average Fixed Costs
Average Variable Costs
Marginal Costs
0
$1,000
$1,000
$0
1
1,200
2
1,350
3
1,550
4
1,900
5
2,300
6
2,750
7
3,250
8
3,800
9
4,400
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