Question

Discussion one topic in microeconomics that you have learned that interested you the most. What did...

Discussion one topic in microeconomics that you have learned that interested you the most. What did you find interesting about the topic? Why?

Pick one of these topics below

1: Tax incidence and price controls was the most

2: Government tax policies and how they relate to elasticities, government set price ceilings and price floors.

3: Concept of the market system

Homework Answers

Answer #1

1.The topic that relates to tax incidence and price controls interests me the most. The way the taxes are levied on one group of people but shared by others too is interesting. Also, the concept of price controls like price ceiling and price floor is something that excites me, mainly because it relates to the functioning of the government and how the government works to protect the welfare of the people.

A price ceiling is the maximum price that a producer is allowed to charge from a consumer. It is basically imposed for food and energy products.

A price floor is the minimum price that must be charged by producers to consumers. It is basically imposed by the government to protect the interests of under resourced groups like farmers.

The works done by government for it's people is always something that keeps me interested.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is the most interesting concept you have learned in this course? What is the most...
What is the most interesting concept you have learned in this course? What is the most difficult concept you have learned in this course? At this point in your nursing school journey, are there any lifestyle modifications you have made or plan to make? Are there any teaching points you plan to implement in the lives of your family and/or loved ones after this course? What are some tips you would share with someone starting nursing school? Discuss 3.
1. Why did you choose nursing as a career? 2. What was the most interesting concept...
1. Why did you choose nursing as a career? 2. What was the most interesting concept you have learned in nursing so far? What has been the most challenging 3. What is the digestive process? What are the stages of digestion? 4. What are your nursing goals as a DNP?
What is one, most important economics matter that you have learned that you wish the general...
What is one, most important economics matter that you have learned that you wish the general public also knew so that the US, and/or other nations, could be set on a better economic course?
What is one of the most important "take-aways" that you have learned from digital marketing ?...
What is one of the most important "take-aways" that you have learned from digital marketing ? How will it help you in the future?
My Homework: look at any one topic covered in the discussion boards making sure the topic...
My Homework: look at any one topic covered in the discussion boards making sure the topic generated a lot of interesting class participation. Re-read the comments of your peers and your original post: what do you think about the issue now? Has the conversation changed your view point or only strengthened it? Why? Finally, what are the things you can take away from the course overall? Are there specific concepts and ideas that were eye-opening to you personally? Do you...
Discussion Question: What would you do case? (CH10) DUE 5/6 The words “Cessna Skyhawk” have special...
Discussion Question: What would you do case? (CH10) DUE 5/6 The words “Cessna Skyhawk” have special meaning for anyone who has ever wanted to learn to fly. At 27 feet long and 8 feet tall, with a 36-foot wingspan, a 140 mph cruising speed, and room for two adults and their luggage, more people have learned to fly with a Cessna Skyhawk than with any other plane in aviation history. In fact, the Cessna Skyhawk is the best-selling plane of...
The Fraud Triangle LO 5-2 Explain the components of the Fraud Triangle. Donald R. Cressey, a...
The Fraud Triangle LO 5-2 Explain the components of the Fraud Triangle. Donald R. Cressey, a noted criminologist, is mostly credited with coming up with the concept of a Fraud Triangle. Albrecht points out that, while researching his doctoral thesis in the 1950s, Cressey developed a hypothesis of why people commit fraud. He found that trusted persons become trust violators when they conceive of themselves as having a financial problem that is nonsharable, are aware that this problem can be...
What is Medicare Part C? Provides the aged with home health care Provides the aged with...
What is Medicare Part C? Provides the aged with home health care Provides the aged with prescription drugs Enables low-income aged to participate in Medicaid Provides a voluntary managed care option for the aged How is Medicaid financed? It is financed entirely by the federal government. It is financed entirely by the state. States receive the same percentage of federal support. States with lower per capita incomes receive a greater percentage of federal support If a healthcare system is "free"...
      MK Restaurant: Branding of Thai-Style Hotpot The restaurant industry is one of the most...
      MK Restaurant: Branding of Thai-Style Hotpot The restaurant industry is one of the most competitive in Thailand. With a large number of players ranging from restaurants in five-star hotels, global fast-food chains to small stalls along the streets and everything in between, the Thais are spoiled for choice. In addition, as the world becomes globalized, consumers are familiar with international dishes and would not hesitate to try new offerings from the other side of the globe. As a...
Wal-Mart Online Wal-Mart is one of the largest companies in America. It is definitely the largest...
Wal-Mart Online Wal-Mart is one of the largest companies in America. It is definitely the largest retailer, both in terms of the number of stores (8,970 worldwide in 2011) and the level of sales ($419 billion from the 2011 Annual Report). By pushing suppliers to continually reduce costs, Wal-Mart is known for pursuing low prices and the stores often attract customers solely in-terested in lower prices. With Wal-Mart’s expansion into groceries, the company has be-come the largest retail grocer in...