Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
The Role of the Government in Reducing Monopoly Power Term Paper
Choose one of two prompts and write a solid essay:
Option 1: Many have pointed to the Great Depression as strong evidence that market
economies, if left on their own, will sometimes get stuck in periods of low growth and high
unemployment. Others have claimed that the Great Depression was primarily a policy failure
and that government attempts to fix business cycle downturns only delay the economy’s
natural recovery. To what extent do you think the above viewpoints are valid? Was the Great
Depression primarily a failure of markets or a failure of government? What does the Great
Depression teach us about the role of government in dealing with business cycles?
Option 2: Most economists agree that competition between firms in general produces
outcomes that are beneficial for consumers. However, profit maximizing firms have incentive to
drive out competitors and increase their market power to drive up prices. Should governments
work to reduce monopoly power and push industries toward perfect competition? To what
extent has United States history demonstrated the need for government action to reduce firms
market power?
The Role of the Government in Reducing Monopoly Power Term Paper
Requirements:
role in the economy in either of the two applications above. You do not have to strongly
land on one side or the other. For example, you can argue that government has a role in
responding to business cycles but the specific policies in the New Deal were not well
designed or that the fiscal policy is not necessary but monetary policy is, etc. (these are
just a couple examples). Most importantly, you must have a consistent position that you
argue throughout the essay
the debate both historically and theoretically. Although you need to argue your own point of
view, it should also be clear that you understand arguments of people who disagree with
you.
essay must reference at least two sources other than those cited in the slides or
posted on CCLE. For this essay, pure data sources will not count towards the two
(although can definitely still be used as additional evidence for your argument). I want to
make sure you do some research to see what some other people have thought about these
issues.
Great Depression question do not talk about the Great Recession or Covid and in the
market power question do not talk about Google and Amazon. You can (and should) talk
about more general theoretical justifications in either case, but I want the focus of the
examples in the essay to be primarily on historical events in the United States. Try to focus
on examples before 1950.
Here are some sources that should help: https://globaledge.msu.edu/blog/post/55603/should-…https://www.economicshelp.org/microessays/markets/…https://www.economicshelp.org/blog/5735/economics/…https://www.justice.gov/atr/speech/role-competitio… (the second section of this “II”) talks about how competition promotes dynamic markets and why it is
The Role of the Government in Reducing Monopoly Power Term Paper
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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The Role of the Government in Reducing Monopoly Power Term Paper |
The Role of the Government in Reducing Monopoly Power Term Paper