Homework: Economics of the Problem
For this 3 to 5 pages homework, you will identify the economic components of the problem you have chosen. What are the economic implications of the problem? While this is a broad-based question, you will need to address specific topics from the readings and modules to this point. For example, you might describe the issue you're focusing on in terms of the price and availability (or lack thereof) of a specific good or service; you could give an explicit breakdown of the characteristics of a specific labor market; you could describe a specific market failure related to your issue (incomplete information, monopolies or monopsonies, externalities, or others).
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.