Discussions:
Discussion 1
Problem 6 in the "Problems to Ponder" section at the end of chapter 12 is about risk taking. Based on your experience, respond to this problem. Discuss.
Discussion 2
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 3
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?