ECO 100 Principles of Economics Assignment

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ECO 100 Principles of Economics Assignment - Strayer University, USA

Economic Principles - Microeconomics

Overview - In this assignment, you will develop a paper in which you select an industry that interests you, describe that industry, and explain how government might impact the industry.

An Example Economic Paper and Economic Paper Template are attached for this assignment.

Instructions - Review your chapter readings and use the resources provided to develop a 2-3-page paper on Economic Principles - Microeconomics in which you:

1. Visit the Census Bureau (NAICS) website and select an industry that has a description. Some of the smaller industries are named, but not described.

The industry could be broad, such as industry 11 Agriculture, Forestry, Fishing, and Hunting, or it could be narrow, such as industry 112112 Cattle Feedlots.

The more digits in the industry label, the narrower the industry.

2. In a few short paragraphs, describe your selected industry using the industry description at the NAICS website.

Be sure to write in your own words. Don't just copy and paste the NAICS text.

Identify some of the major companies in this industry

Identify the goods, and/or services this industry produces. Use the information from the NAICS website. You can supplement this information with what you find in a separate Google search.

3. Describe a microeconomic variable for your industry. Microeconomic variables include prices, sales, production, advertising, investment, etc.

4. Include a graph, chart, or table showing this microeconomic variable over time.

You do not need to create this graph, chart, or table. Find one that has already been created and paste it into your paper. For example, if your industry is U.S. automobile manufacturing, Google, "U.S. automobile manufacturing over time." Select the "images" option. Choose one of the graphs, charts, or tables. Then copy and paste it into your paper.

Include a reference to the source of the graph, chart, or table. Microeconomic relationships and market outcomes are covered in Weeks 2-4.

5. Describe one way the government might impact this industry. Examples might include price controls, regulations, taxes, or any other way you can think of.

Government intervention through price controls, regulations, taxes, and antitrust enforcement were covered in Weeks 2 and 4.

Note - Need 700 words paper + title page + references with in-text citations.

Attachment:- Microeconomic Paper Template.rar

Reference no: EM132690913

Questions Cloud

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Which adjusting entries must be made on december : On December 30, a company advances $10,000 to its wholly-owned subsidiary. Which of the following adjusting entries must be made?

What is the effect on consolidated net income : What is the effect on consolidated net income when a parent company accounts for its investment in a subsidiary by the cost method

What circumstance would a business normally be required : Under what circumstance would a business normally be required to report its investment in another company based upon the equity method?

ECO 100 Principles of Economics Assignment : ECO 100 Principles of Economics Assignment Help and Solution - Strayer University, USA - Homework Help - Economic Principles - Microeconomics

Which eliminating entries are made on the : Which Eliminating entries are made on the? books of both the parent company and its subsidiary. / consolidating workpaper only.

Expected rate of return on stock : a. If dividends are expected to grow at a constant rate of 2 percent per year, what is your expected rate of return on this stock?

Which adjusting entries must be made : The subsidiary has not received (nor recorded) the advance. On the consolidating workpaper, which of the following adjusting entries must be made?

Calculating the subsidiary translation gain or loss : Translate the subsidiary's preclosing trial balance at December 31, 2016, and schedule calculating the subsidiary's translation gain or loss for 2016.

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