ECO220 Principles of Economics

Question Description

Address the following questions in an essay or short-answer form. Support all your answers with references:

Explain the difference between positive and normative economics. Give a real-time example of each that you found in doing some outside research.
After doing some additional research on your own along with the assigned reading on public goods, answer the following questions:
1. What are the two main characteristics of this type of good?
2. What is the biggest “problem” with allocating public goods?
3. Do you think the government should have a role in allocating public goods, or should goods be privatized?

Here’s a great site that offers definitions and examples of economic terms literally from A to Z; https://tinyurl.com/6rxna6a

The following items will be assessed in particular:
Length: 4–5 pages double-spaced and typed. Cite all sources within the text and in a reference list at the end of the paper.
- Your ability to follow prescribed assignment content guidelines.
- Your ability to apply the basic concepts to the questions.
- Some in-text references to the modular background readings (APA formatting not required).
- The essay should address each element of the assignment. Remember to support your answers with solid references, including the case readings.
- https://www.khanacademy.org/economics-finance-doma…
- https://tinyurl.com/yanr4t3v
  https://www.youtube.com/watch?v=Vss3nofHpZ
- https://tinyurl.com/y9nqzpga

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