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The homework for module III is an essay: Are you a Liberal or a Conservative?
This topic is based on the concepts in the Module III Zoom video entitled: Role of Government: Normative Justifications.
Confine your thoughts to the continuum between total economic equity and maximum economic efficiency.
Explain where you fall upon that spectrum, and why.
DO NOT drift off to social issues like abortion, gun control, transgender rights, etc. remember this is an economics class so keep it strictly economic.
MOST IMPORTANTLY: You cannot properly respond to this question without having watched the Zoom video in Module III on the Normative Justifications for Government.
PLEASE NOTE: In the video entitled Role of Government: Normative Justifications in Module III, at the 23:06 mark, there is a mistake. Prof. Knight says “There are some goods and services that the government can’t produce efficiently, and there are some goods and services that the government can’t produce at all.” Although that statement is true, he meant to say: “There are some goods and services that the market economy can’t produce efficiently, and there are some goods and services that the market economy can’t produce at all.” Apologies for the confusion. One day, when I get around to it, I’ll correct that mistake. Citations should not make up more than 25% of you essay.
Minimum page number; 2 pages double spacing 12 font.
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