Assignment
Length: one, 1600 to 1700-word essay
Instructions
This assignment, which covers the concepts presented in Unit 4, asks you to prepare an essay response (approximately 1600-1700 words to one of the three questions presented below. Do not answer all three questions.
Your essay response to the question must include direct references to the course materials (textbook, required readings, or researched sources) and use an appropriate citation style (such as APA Style) when quoting or making references to these sources in your responses.
Assignment 4 Essay Questions (answer only one question)
1. Indentify and discuss the reasons for the disequilibria between aggregate supply and aggregate demand.
2. Define the concepts "concentration of capital" and "centralization of capital." What affect do these two concepts have on the relationship between aggregate supply and aggregate demand?
3. How does the concept of "social cost" relate to environmental degradation? What is the connection between social cost, environmental degradation, and the profit rates of private companies?