Assignment of economics essay questions

October 11, 2022

Assignment of Economics Essay Questions

In your replies and explanations, use economic analysis. We will see what can be done on the examination in chapters 5-8.

Suppose anybody may park in your home driveway, thus it’s often the case that you can’t get into your vehicle park. How will having “open access” to your entrance influence your home’s value? If all the entrances into your city were open, what would the impact be on the construction of new residences in your town?

How would you analyze the benefits and costs of substances such as heroin for prohibition? Be precise about what you would provide as an advantage and the expenditures associated.

The U.S. Department of Agriculture releases dietary standards, and calories are provided for in the Affordable Care Act. But the federal government also subsidizes food production, which eventually leads Americans to break the guidelines and eat calories that contribute to the national obesity crisis. How do you explain this seeming incoherence? (Hint: Who benefits from farm subsidies and how can they respond to the reduction in those subsidies?)

The United States currently has a dead organ donation opt-in system. People need to choose the post mortem donation openly in advance of time (like if they get their drivers’ licences). Many other countries have ‘opt-out’ systems: A wish to contribute postmortem is believed to exist unless one explicitly decides not to allow donation in advance. How would a transfer to a US opt-out system likely alter the provision of cadaveric (postmortem) gifts?

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