Week 1 DB Forum - BUS101.docx - 1 Profit is money a...

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Microeconomics: Private and Public Choice
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Chapter 10 / Exercise 10
Microeconomics: Private and Public Choice
Gwartney/Stroup/Sobel/Macpherson
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1. Profit is money a business earns above and beyond the money that it spends for salaries and other expenses. Business people make profits by taking risks. Discuss the relationship of businesses’ profit to risk assumption? 2. The U.S. Supreme Court ruled that cities could have school voucher programs that give money directly to parents, who could then choose among competing schools, public or private. The idea was to create competition among schools. Like businesses, schools were expected to improve their services (how effectively they teach) to win students from competitors. The result would be improvement in all schools, private and public, to benefit many students. Do you believe economic principles, like competition, apply in both private and public organizations? Are there other public functions that might benefit from more competition, including competition from private firms? Part 1: State what your considered thought or recommendation might be. In other words, answer the question, "What do you think?” • Part 2: State why you think what you think. Examine your own experiences, beliefs, or knowledge. It is also a good place to provide references, textual quotations, and/or links to materials that reinforce your opinion. • Part 3: State what you wish you knew or directly solicit the opinion of classmates (in other words, ask a question!) 3. Group Discussion Board Forum 1 Thread (DUE MONDAY, End of Week 1) Discussion boards are collaborative learning experiences. The initial threads are due on odd numbered weeks (1, 3, 5, and 7) and must include a Scripture reference and at least 2 scholarly, peer-reviewed sources, plus the course text—all in current APA format. Each thread must be 300-500 words and demonstrate course-related knowledge. I highly recommend viewing the related grading rubric, located in “Course Content” > “Course Guides and Assignment Instructions” > “Discussion Board Forums”, in order to fully understand how you will be evaluated on your work. Short quotations If you are directly quoting from a work, you will need to include the author, year of publication, and page number for the reference (preceded by "p."). Introduce the quotation with a signal phrase that includes the author's last name followed by the date of publication in parentheses.
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Microeconomics: Private and Public Choice
The document you are viewing contains questions related to this textbook.
Chapter 10 / Exercise 10
Microeconomics: Private and Public Choice
Gwartney/Stroup/Sobel/Macpherson
Expert Verified

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