Economics, Collaborative Learning Space 1 (Discussion question, not an essay)

Respond briefly to the following prompts:

Your initial post MUST BE made by DAY 3 of CLS availability (Day 3 = June 10, 2020). (Missing this deadline will result in a 50% reduction in the CLS grade.)

1. What is the fundamental reason behind the study of Economics?

2. In Economics, what is meant by Opportunity Cost? Can you describe with an example?

3. Should the government provide more and more public goods, so that we move increasingly towards a 'welfare state'? Why or why not?

4. With Donald Trump as the current President of the U.S., are we moving towards a Command economy? Yes or No. Justify the stand you take based on your readings, and understanding, of economic systems.

You should support your opinions/comments with references/citations from peer reviewed sources. Please use the Library databases for this