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Learning Team Assignment Due Day 7: Differentiating Between Market Structures Table and Paper
Resources: Market Structure Table
Complete the Market Structure Table located on your student web site.
Write a 1,050- to 1,400-word paper addressing the following questions:
Compare and contrast public goods, private goods, common resources, and natural monopolies.
Explain how labor market equilibrium is affected by the supply and demand of labor.
Select an organization with which you are familiar and identify the market structure of that organization. Describe the characteristics of the organization that make it a specific market structure. Evaluate the effectiveness of this structure for the organization.
Individual Assignment Due Day 7: Measuring Economic Health Memo
Write a 350- to 700-word memo addressing the following:
Describe the use of Gross Domestic Product (GDP) to measure the business cycle.
Describe the roles of government bodies that determine national fiscal policies.
Explain the effects of fiscal policies on the economy’s production and employment. How do changes in government spending and taxes positively or negatively affect the economy’s production and employment?