Ashford ECO 203 Week 1 Discussions
ECO 203 Week 1 Discussion 2
WEEK 1 D2Q:
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.
Note: This entire class includes an online quiz, discussions, assignments, course projects, and online exams.