Question: reading the following statement and decide whether you agree or disagree with the statement: The free market system is the best economic system since

reading the following statement and decide whether you agree or disagree with

the statement: "The free market system is the best economic system sinceit is the most efficient and solves basic economic problems." In a

reading the following statement and decide whether you agree or disagree with the statement: "The free market system is the best economic system since it is the most efficient and solves basic economic problems." In a post of several paragraphs, discuss the reasons why you agree or disagree with the above statement. What evidence from the lesson or outside research can you find that supports your stand? How can you connect your argument with the terms and ideas we have studied in this lesson? Include in your post evidence for your stand, especially related to the specific reasons why one system works better than another. Keep in mind that each economic system has advantages and disadvantages: even if you agree with the statement, be sure to acknowledge any weaknesses of the free market system. For this discussion forum, begin by reading the following statement and decide whether you agree or disagree with the statement: "A country should be entirely self-sufficient, not having to rely on goods and services imported from other countries." In a post of several paragraphs, discuss the reasons why you agree or disagree with the above statement. What evidence from the lesson or outside research can you find that supports your stand? How can you connect your argument with the terms and ideas we have studied in this lesson? Include in your post evidence for your stand, especially related to the concepts of comparative advantage and absolute advantage. Why should nations trade with each other, and if you disagree, why should nations not trade with each other? For this discussion forum, begin by reading the following statement and decide whether you agree or disagree with the statement: "A college degree is a waste of time and money, and I can earn a better salary with just my high school diploma and my hard work." In a post of several paragraphs, discuss the reasons why you agree or disagree with the above statement. What evidence from the lesson or outside research can you find that supports your stand? How can you connect your argument with the terms and ideas we have studied in this lesson? Include in your post evidence for your stand, especially related to the concepts of lifetime earnings, costs of college, and opportunity costs. Why should a person earn a college degree, and if you disagree, why would a person be better off not going to college? Be sure to focus primarily on economic issues in your post.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The statement in the image says that the free market system is the best economic system because it is the most efficient and solves basic economic pro... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!