ECO 365 Week 2 Markets and the Economics of the Public Sector

ECO 365 Entire Course Linkhttps://uopcourses.com/category/eco-365/


ECO 365 Week 2 Markets and the Economics of the Public Sector
You have been assigned to a team that has the responsibility of preparing a paper consisting of 1,750 words for the governor's next economic conference. Your paper should address the following:

  • Explain why equilibrium of supply and demand is desirable.

  • Explain the following concepts using the concept of consumer and producer surplus:


    • Efficiency of markets

    • Costs of taxation

    • Benefits of international trade


  • Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities.

  • Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.


Cite a minimum of 3 peer-reviewed sources, not including your textbook.
Format consistent with APA guidelines.
 
Click the Assignment Files tab to submit your assignment.
Powered by