Question 1 (30%) (750-1000 words) Since the recent Great Recession of 2007-2009, there has been increasing disillusionment with the free market…

Question 1 (30%) (750-1000 words)

Since the recent Great Recession of 2007-2009, there has been increasing

disillusionment with the free market system. Briefly define “free market system” and

identify and describe at least three of its major concepts or attributes. Then, critically

analyze the view that the free market system is the best and only realistic alternative for

determining the allocation of resources in an economy. Provide evidence to support

your analysis.

Question 2 (20%) (300-500 words)

Every society, regardless of its wealth and power, must make certain choices

about production and distribution. Specifically, every society faces three basic

economic decisions:

What goods and services to produce and in what quantities?

How to produce these goods and services, or how to use the economy’s


Who gets these goods and services

Briefly explain how these questions are answered in your country. How does the

availability of resources in your country influence the economic decisions fo individuals,

organizations, and government?

Question 3 (50%) (1250-1500 words)

Evaluate the economic efficiency of different market structures and their effect on

consumers. To answer this question:

1. Explain market efficiency

2. Identify and distinguish between the different types of market structures;

compare and contrast the similarities and differences between their


3. For each market structure, provide an industry example and evaluate the

economic efficiency of each (market structure) and the effect of each (market

structure) on the industry’s consumers.


Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10