Assignment #1 needs in APA format but the 3 questions just need to be answered.. Thanks :) One more paper next week and then a few weeks break :)

Assignment 1:

The Coase Theorem (see attachment)

Prepare a 2-3 page paper using APA format discussing how the Coase Theorem provides an alternative to government regulation and provision of services. How is the definition of private property a critical part of this analysis?

Your paper should reflect scholarly writing and current APA standards. Please include citations to support your ideas.


Question #1:
The Political Business Cycle

The U. S. and the World economy is still in a period of slow growth and high unemployment. Since we in the U. S. are already in an 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.

Question #2:
Pollution Control

Explain how the following two market-based incentives: Pollution fees and Marketable Permits provide a market based solution to Pollution in the U. S.


Question #3:
Product Improvement

Problem 6 in the “Problems to Ponder” section at the end of chapter 26 asks about import protection. Please respond to the question and provide some examples of the costs and benefits of each form of protection. Discuss.

Problem 6 in the “Problems to Ponder” :Which protectionist measure causes the least damage economically, import quotas or tariffs?