Tuesday, January 23, 2018
E2 INDIVIDUALS AND BUSINESSES IN FREE MARKETS: 12.E3b The government’s evolving role in protecting property rights, regulating working
conditions, protecting the right to bargain collectively, and reducing discrimination in the
workplace has attempted to balance the power between workers and employers. This role
shifts in response to government’s need to stimulate the economy balanced against the need to
curb abusive business practices.
12.E3c The freedom of the United States economy encourages entrepreneurialism. This is an
important factor behind economic growth that can lead to intended consequences (e.g., growth,
competition, innovation, improved standard of living, productivity, specialization, trade,
outsourcing, class mobility, positive externalities) and unintended consequences (e.g.,
recession, depression, trade, unemployment, outsourcing, generational poverty, income
inequality, the challenges of class mobility, negative externalities.).
12.E3d A degree of regulation, oversight, or government control is necessary in some markets
to ensure free and fair competition and to limit unintended consequences of American
capitalism. Government attempts to protect the worker, ensure property rights, and to regulate
the marketplace, as well as to promote income equality and social mobility, have had varied
results.
OPEN NOTES EXAM ON WEDNESDAY,
1-24-2018 - PLAN ACCORDINGLY
Watch: Journalist John Stossel examines how people and corporations "freeload" and the psychology behind the concept.
(DVD shown in class)
Consider: Who Gets Corn Subsidies
Consider: Ethanol Mandates
CONSIDER: Corn Subsidies Explained
Important pull-out: "In an attempt to rebuild the economy in the wake of the Great Depression, the government convinced farmers to leave some of their land unplanted (“paid-land diversion”) often by supporting a set minimum price that they would expect to earn from it (“minimum price supports”).
conditions, protecting the right to bargain collectively, and reducing discrimination in the
workplace has attempted to balance the power between workers and employers. This role
shifts in response to government’s need to stimulate the economy balanced against the need to
curb abusive business practices.
12.E3c The freedom of the United States economy encourages entrepreneurialism. This is an
important factor behind economic growth that can lead to intended consequences (e.g., growth,
competition, innovation, improved standard of living, productivity, specialization, trade,
outsourcing, class mobility, positive externalities) and unintended consequences (e.g.,
recession, depression, trade, unemployment, outsourcing, generational poverty, income
inequality, the challenges of class mobility, negative externalities.).
12.E3d A degree of regulation, oversight, or government control is necessary in some markets
to ensure free and fair competition and to limit unintended consequences of American
capitalism. Government attempts to protect the worker, ensure property rights, and to regulate
the marketplace, as well as to promote income equality and social mobility, have had varied
results.
OPEN NOTES EXAM ON WEDNESDAY,
1-24-2018 - PLAN ACCORDINGLY
Watch: Journalist John Stossel examines how people and corporations "freeload" and the psychology behind the concept.
(DVD shown in class)
Consider: Who Gets Corn Subsidies
Consider: Ethanol Mandates
CONSIDER: Corn Subsidies Explained
Important pull-out: "In an attempt to rebuild the economy in the wake of the Great Depression, the government convinced farmers to leave some of their land unplanted (“paid-land diversion”) often by supporting a set minimum price that they would expect to earn from it (“minimum price supports”).
But what began as a temporary stimulus measure gradually became into something much more permanent and unwieldy. Skip ahead through several decades of back-and-forth tinkering with the policy (see: “target prices,” “price floors,” “short crop,” “deficiency payments”) to the mid-90s, when we introduced something called “direct payments.”."
The Other Side of Dwayne Andreas
ADM Stock Quote
The Other Side of Dwayne Andreas
ADM Stock Quote
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