Discussions
Please answer each with 75-150 words, using book Economic Logic, 4th ED, Mark Skousen
Discussion 1
The U. S. and the World economy is still in a period of slow growth and high unemployment. Soon, we will be in another election year, does the Political Business Cycle still exist? Do incumbent politicians use their power and influence to get reelected? Is this a "valid" use of political power? How does this impact business firms? Discuss.
Discussion 2
Explain how the following two market-based incentives: Pollution fees and Marketable Permits provide a market based solution to Pollution in the U. S. Is this issue growing in importance? Why?