15 May Assignment Summary:
When the Soviet Union, which had been a command economy, broke apart, an official of the new Russian government called an official of the American government and asked” “Who is in charge of bread distribution?”
It took a few minutes for the American official to fully understand the question. But when he did, he answered: “No one.”
The Russian could not understand that. How can wheat be grown, ground into flour, baked into bread and distributed to stores without the government telling everyone what to do?
Use your knowledge of supply and demand (chapter 4) and key concepts learned in the chapters assigned this week (chapters 1-4) to explain to the Russian official how this process works. You must refer to at least two key concepts from week 1. Use CAPITAL LETTERS to name and define each concept. Please refer to the list of key concepts found at the end of every chapter.
You don’t have to do it all in one post. Instead, you may wish to discuss one market at a time or, perhaps, explain just why is that our system does not have a distribution plan.
This is a true story. The Russian government really did call the United States government and asked how to distribute bread in a free market system. How that is done is so normal for us, that we probably don’t even think about it. But now is a good time to think about it and obtain a better understanding of a free market.
1) Review the Supply and Demand Guide and the Supply and Demand PowerPoints before you start your posts.
2) Review Chapter 4 in the textbook.
3) Then consider the multiple steps (markets) involved in producing and distributing the loaves of bread that you find in your local supermarket. Explain to the Russian official how the free market accomplishes this rather impressive task.
Remember to refer to the appropriate graph(s) in the Supply and Demand Guide as you examine the various markets involved. If you wish to draw an appropriate graph and attach it to your post you may, but that is not required. (If you do, be sure to explain the graph in your post, but don’t attach your post, just the graph).
- Include a word count
- Use paragraphs as appropriate.
- Remember to document all use of sources by using citations and references. These should be in APA format.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.