{"id":181349,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/post-eco202-unit-3-assignment"},"modified":"2018-10-24T09:09:06","modified_gmt":"2018-10-24T09:09:06","slug":"post-eco202-unit-3-assignment","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/post-eco202-unit-3-assignment\/","title":{"rendered":"post eco202 unit 3 assignment"},"content":{"rendered":"<p><a class=\"post-eco202-unit-3-assignment\/\"><\/a> <\/p>\n<p><strong>Assignments:<\/strong><\/p>\n<ul>\n<li>Read Chapters 10, 11 and 12<\/li>\n<li>Access the Chapter videos from your Textbook link to augment this week\u2019s discussions.<\/li>\n<li>Read\/view the articles in this Unit<\/li>\n<li>Answer Questions For Review 1, 3, 4, 5 and 6 at the end of Chapter 10, Questions For Review 1, 2, 3 and 4 at the end of Chapter 11, and Questions For Review 1, 2, 5, 6 and 7 at the end of Chapter 12<\/li>\n<li>Answer\/respond to Unit 3 Discussion Board.<\/li>\n<li>All work due by midnight on Sunday<\/li>\n<\/ul>\n<p>Chapter 10:<\/p>\n<ol>\n<li>Give an example of a negative externality and an example of a positive externality.<\/li>\n<li>In what way does the patent system help society solve an externality problem?<\/li>\n<\/ol>\n<p>.<\/p>\n<p>3. What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution?<\/p>\n<p>4. List some of the ways that the problems caused by externalities can be solved without government intervention.<\/p>\n<p>5. imagine that you are a nonsmoker sharing a room with a smoker. According to the Coase theorem, what determines whether your roommate smokes in the room? Is this outcome efficient? How do you and your roommate reach this solution?<\/p>\n<p>Chapter 11:<\/p>\n<p>1. Explain what is meant by a good being \u201cexcludable.\u201d Explain what is meant by a good being \u201crival in consumption.\u201d Is a slice of pizza excludable? Is it rival in consumption?<\/p>\n<p>2. Define and give an example of a public good. Can the private market provide this good on its own? Explain.<\/p>\n<p>3. What is cost\u2013benefit analysis of public goods? Why is it important? Why is it hard?<\/p>\n<p>4. Define and give an example of a common resource. Without government intervention, will people use this good too much or too little? Why?<\/p>\n<p>Chapter 12:<\/p>\n<p>1. Over the past century, has the government\u2019s tax revenue grown more or less slowly than the rest of the economy?<\/p>\n<p>2. Explain how corporate profits are taxed twice.<\/p>\n<p>3. What is the marginal tax rate on a lump-sum tax? How is this related to the efficiency of the tax?<\/p>\n<p>4. Give two arguments why wealthy taxpayers should pay more taxes than poor taxpayers.<\/p>\n<p>5. What is the concept of horizontal equity and why is it hard to apply?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Assignments: Read Chapters 10, 11 and 12 Access the Chapter videos from your Textbook link to augment this week\u2019s discussions. Read\/view the articles in this Unit Answer Questions For Review 1, 3, 4, 5 and 6 at the end of <a href=\"https:\/\/www.benedictsol.com\/blogs\/post-eco202-unit-3-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-181349","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/181349","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=181349"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/181349\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=181349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=181349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=181349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}