College Term Paper on Public Policies

College Term Paper on Public Policies

Course Book:
Weimer, D. L., & Vining, A. R. (2011). Policy analysis: Concepts and practice (5th ed.). New York, NY: Longman.
1. What is a free market system? What are the basic assumptions that a free market system is based on? What are the erroneous assumptions that the free market is based on? Why are they thought to be erroneous?

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Your response should be at least 300 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

2. Explain the meaning of social surplus. Discuss how changes in social surplus measure changes in the sums of compensating variations and rents. Please provide at least one example to illustrate your understanding.

Your response should be at least 500 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

3. Identify and discuss three limitations to the free market system. Please provide at least one example to illustrate your understanding of the material.

College Term Paper on Public Policies