Common Sense Economics 2015-2016

Discussion Board: Module 03 CSE 1.7-1.9 (Pages 21-29)

1. After completing Module Supplement A Demand, Supply, and Dynamic Change, begin Module 03 by offering your first thoughts to one (1) of the questions in the next module.  No preparation is needed, and you automatically earn 1 point.
2. After completing Module 03, locate and build out your pre-learning thoughts to earn up to an additional 4 points.  Hit reply to your original post, and expand your initial answer to include what you have learned. Include page references from Common Sense Economics (2010) to support your work to earn full credit.
3. The questions follow. (Please copy and paste the question into your reply.  It makes grading easier, thanks!)

• George and Ellen operate a business and make a profit. Is this good or bad?  Would it have been better if they had made a loss?  Explain.
• How do people earn income?  If you pursue a career and become incredibly rich, have you done so at the expense of others?  Explain.
• If ethanol subsidies expand employment in corn farming will this increase overall employment and income?   Explain.