Activity 2 - The Candy Game

Activity 2 The - 2 Suppose I imposed a tax on trades so that each time a person made a trade that person would have to give me a quarter What do

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Econ 2023 Activity 2 Name: _____________________________ The Candy Game Observe the candy game as it is played in class and write down the respective class totals: Before Trade: ____________________ Group Trade: ____________________ Class Trade: _____________________ Answer the following questions with regard to the candy game: 1. Suppose I banned the final round of trading so that groups could not have traded with each other. Do you think any group would have been made better off? What would have happened to the total value for the entire class?
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Unformatted text preview: 2. Suppose I imposed a tax on trades so that each time a person made a trade that person would have to give me a quarter. What do you think would have happened to the number of trades? What would have happened to the total value for the entire class compared to when there was no tax? 3. Which do you think is a better system of economic organization, one without trade in which one person decides what piece of candy everyone will get, or one where people can trade for the candy that they want? Why?...
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This document was uploaded on 10/31/2011 for the course ECO ECO2023 at FSU.

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