{"id":181339,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/post-eco202-unit-2-assignment"},"modified":"2018-10-24T09:19:10","modified_gmt":"2018-10-24T09:19:10","slug":"post-eco202-unit-2-assignment","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/post-eco202-unit-2-assignment\/","title":{"rendered":"POST ECO202 UNIT 2 ASSIGNMENT"},"content":{"rendered":"<table>\n<tbody>\n<tr>\n<td><strong>Assignments:<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Read Chapters 7, 8, 9 <\/p>\n<ul>\n<li>Answer Questions for Review 1, 4 and 5 at the end of Chapter 7, Questions for Review 1, 3 and 4 at the end of Chapter 8, and Questions for Review 1, 2, 4 and 5 at the end of Chapter 9.<\/li>\n<li>Access the Chapter videos from your Textbook link to augment this week\u2019s discussions.<\/li>\n<li>Read\/view the articles provided in the attached files.<\/li>\n<li>Answer\/respond to the Unit 2 Discussion Board.<\/li>\n<\/ul>\n<p>Chapter 7:<\/p>\n<p>1. Explain how buyers\u2019 willingness to pay, consumer surplus, and the demand curve are related.<\/p>\n<p>2. What is efficiency? Is it the only goal of economic policymakers?<\/p>\n<p>3. Name two types of market failure. Explain why each may cause market outcomes to be inefficient.<\/p>\n<p>Chapter 8:<\/p>\n<p>1. What happens to consumer and producer surplus when the sale of a good is taxed? How does the change in consumer and producer surplus compare to the tax revenue? Explain.<\/p>\n<p>2. How do the elasticities of supply and demand affect the deadweight loss of a tax? Why do they have this effect?<\/p>\n<p>3. Why do experts disagree about whether labor taxes have small or large dead weight losses?<\/p>\n<p>Chapter 9:<\/p>\n<p>1. What does the domestic price that prevails without international trade tell us about a nation\u2019s comparative advantage?<\/p>\n<p>2. When does a country become an exporter of a good? An importer?<\/p>\n<p>3. Describe what a tariff is and its economic effects.<\/p>\n<p>4. List five arguments often given to support trade restrictions. How do economists respond to these arguments?<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Assignments: Read Chapters 7, 8, 9 Answer Questions for Review 1, 4 and 5 at the end of Chapter 7, Questions for Review 1, 3 and 4 at the end of Chapter 8, and Questions for Review 1, 2, 4 <a href=\"https:\/\/www.benedictsol.com\/blogs\/post-eco202-unit-2-assignment\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-181339","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/181339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=181339"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/181339\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=181339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=181339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=181339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}