Discussion Post: Microeconomic
Discuss the concepts of Externalities, Common Recourses, and Public Goods.
How can we apply these concepts to what is going on today with the decisions being made regarding the Covid-19 Pandemic? What externalities are there from our own behavior choices? What are the Common Resources involved? What are the identifiable public goods? Where do face masks, social distancing, vaccines, and the health care system fit in with all this?
How can these concepts be applied to the concepts of congestion in South Florida, Global Warming, and our relationships with our significant others?
Do a bit of reading and give us all your perspective on these subjects.
Elaborate in a well thought out response as well as two comments on your classmate's posts. Be respectful, Civil, and thoughtful.
Talk about taxation. What do you think is the best / ideal form of taxation? How does the current system in the US measure up to what you think the ideal system should be.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.