ECO 203 Week 1 Discussion 2

ECO 203 Week 1 Discussion 2 | Assignment Help | Ashford University(2020) 

Week 1 - Discussion 2

The Economic Role of Government

Economics studies how society allocates its scarce productive resources (land, labor, capital, and entrepreneurial talent). Prior to beginning work on this discussion, read Chapter 2 in the course text, especially examining Sections 2.2 through 2.4, and respond to the following components:

·         Briefly describe the types of economic systems. What is the United States’ economic system and what are the characteristics of this economy?

·         What economic role or functions does the U.S. government conduct regularly?

·         Why is the U.S. government’s economic role important or unimportant for the U.S. economy? Discuss whether you favor a larger or smaller government role in the economy.

Your initial post should be a minimum of 300 words.

Guided Response: Respond substantively (a minimum of 100 words) to at least two of your classmates’ posts. What is different or similar between your post and your classmates’ posts? What advice could you offer your classmates? Substantive responses use theory, research, and experience or examples to support ideas and advance the class knowledge on the discussion topic.