ECONOMICS 100 DUE DATE: NOVEMBER 14, 2011 at 9:00 amPlease confirm immediately if you are going to work on it!INSTRUCTIONS:EXTREMELY IMPORTANT: PLEASE READ ALL INSTRUCTIONS VERY CAREFUL, since every...

ECONOMICS 100 DUE DATE: NOVEMBER 14, 2011 at 9:00 amPlease confirm immediately if you are going to work on it!INSTRUCTIONS:EXTREMELY IMPORTANT: PLEASE READ ALL INSTRUCTIONS VERY CAREFUL, since every single word is important.I had problems before with some of you that do not follow instructions. This is very important since it will be my grade. I’ll really appreciate your attention and effort on this matter.VERY IMPORTANT: PLAGIARISM IS NOT ACCEPTED: Please check your paper in the following free website:www.grammarly.com (if you can’t get access directly through this website then go to google.com and type in the search bar: (Plagiarism checker and click on grammarly.com)THE FORMAT OF THE REPORT IS TO BE AS FOLLOWS:APA FORMAT.You are to write a four to ten (6-10) page report that answers the following:In addition to the 6-10 pages required, an INTRODUCTION (Abstract), CONCLUSION AND REFERENCES PAGE (Please include Minimum of 4 sources, since there are some of you that do not follows the minimum requirements).VERY IMPORTANT:USE “IN TEXT CITATION” to support your response. (Some of you do not use in text citations even though it is clearly specified on the instructions).DON’T FORGET TO ENCLOSE YOUR CITATION WITH “ ””This is an important thing that some of you don’t do, then I have to guess where the citation starts and where it ends. Another important point is to use short citations and more of your words.TITLE: MARKETS AND THE ECONOMYYou are to write a four to eight (6-10) page report that answers the followingTYPE THE QUESTION FOLLOWED BY YOUR ANSWER TO THE QUESTION.Use headers for each of the criteria, followed by your response.1. Explain how an increased federal budget deficit resulting from a recession can actually help stabilize an economy.2. Describe how adjustments in wages and prices take the economy from the short-run equilibrium to the long-run equilibrium.3. Explain why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.4. Although GDP per capita is the most commonly used measure of a country’s success, many economists believe it does not give an accurate measure of a nation’s economic well-being. Some studies have concluded that that GDP is not the best measure of well-being, and although it may be the best available on a timely basis, other factors need to be considered in addition to GDP to give a more accurate picture of economic well-being and the disparity of well-being between nations.Clearly identify at least three such factors that in your view should be included in the GDP calculations.Explain and illustrate how they will help to improve the GDP as a tool for measuring the well-being of a nation.EXTREMELY IMPORTANT!You will be graded on the quality of your answers, the logic/organization of the report, your language skills, and your writing skills.The assignment will be graded using the following rubric:Outcomes Assessed• Describe the impact of public goods and externalities on the functioning of an economy.• Use the dynamics of the labor market to anticipate wage rate and labor supply changes.• Analysis of the key macroeconomic phenomena: GDP, unemployment, inflation.• Use technology and information resources to research issues in economics.Grading Rubric for Assignment # 2 – MARKETS AND THE ECONOMYIn order to receive an A for this assignment you will have to follow all instructions given and you will have to reach the 40 EXEMPLARY, this should be your goal if you follow exactly what you are asking for. I WILL EXPECT YO U HAVE 40 EXEMPLARY.1) CRITERIA for question # 1: Explain how an increased federal budget deficit resulting from a recession can actually help stabilize an economy.You will receive a 0 which is Unacceptable if you only:Did not complete the assignment or did not explain how an increased federal budget deficit resulting from a recession can actually help stabilize an economy; omitted key information and/or included irrelevant information. Completed with less than 60% accuracy, thoroughness, and logic.You will receive 20 in Developing if you only:Explained partially how an increased federal budget deficit resulting from a recession can actually help stabilize an economy; omitted some key information. Completed with 60-79% accuracy, thoroughness, and logic.You will receive a 30 in Competent if you only:Explained sufficiently how an increased federal budget deficit resulting from a recession can actually help stabilize an economy. Completed with 80-89% accuracy, thoroughness, and logic.YOU WILL RECEIVE A FORTY (40) EXEMPLARY. THIS SHOULD BE YOUR GOAL TO:Explained fully how an increased federal budget deficit resulting from a recession can actually help stabilize an economy. Completed with 90-100% accuracy, thoroughness, and logic.2) CRITERIA for question #2: Describe how adjustments in wages and prices take the economy from the short-run equilibrium to the long-run equilibrium.You will receive a 0 which is Unacceptable if you only:Did not complete the assignment or did not describe how adjustments in wages and prices take the economy from the short-run equilibrium to the long-run equilibrium; omitted key information and/or included irrelevant information. Completed with less than 60% accuracy, thoroughness, and logic.You will receive 20 in Developing if you only:Described partially how adjustments in wages and prices take the economy from the short-run equilibrium to the long-run equilibrium; omitted some key information. Completed with 60-79% accuracy, thoroughness, and logic.You will receive a 30 in Competent if you only:Described sufficiently how adjustments in wages and prices take the economy from the short-run equilibrium to the long-run equilibrium. Completed with 80-89% accuracy, thoroughness, and logic.YOU WILL RECEIVE A FORTY (40) EXEMPLARY. THIS SHOULD BE YOUR GOAL TO:Described fully how adjustments in wages and prices take the economy from the short-run equilibrium to the long-run equilibrium. Completed with 90-100% accuracy, thoroughness, and logic.3) CRITERIA for question #3: Explain why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.You will receive a 0 which is Unacceptable if you only:Did not complete the assignment or did not explain why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system; omitted key information and/or included irrelevant information. Completed with less than 60% accuracy, thoroughness, and logic.You will receive 20 in Developing if you only:Explained partially why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system; omitted some key information. Completed with 60-79% accuracy, thoroughness, and logic.You will receive a 30 in Competent if you only:Explained sufficiently why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system. Completed with 80-89% accuracy, thoroughness, and logic.YOU WILL RECEIVE A FORTY (40) EXEMPLARY. THIS SHOULD BE YOUR GOAL TO:Explained fully why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system. Completed with 90-100% accuracy, thoroughness, and logic.4) CRITERIA for question #4: Although GDP per capita is the most commonly used measure of a country’s success, many economists believe it does not give an accurate measure of a nation’s economic well-being. Some studies have concluded that that GDP is not the best measure of well-being, and although it may be the best available on a timely basis, other factors need to be considered in addition to GDP to give a more accurate picture of economic well-being and the disparity of well-being between nations.Clearly identify at least three such factors that in your view should be included in the GDP calculations.Explain and illustrate how they will help to improve the GDP as a tool for measuring the well-being of a nation.You will receive a 0 which is Unacceptable if you only:Did not complete the assignment or did not identify at least three such factors that, in your view, should be included in the GDP calculations; may or may not have explained and illustrated how they will help to improve the GDP as a tool for measuring the well-being of a nation; omitted key information and/or included irrelevant information. Completed with less than 60% accuracy, thoroughness, and logic.You will receive 20 in Developing if you only:Identified one to three such factors that, in your view, should be included in the GDP calculations; then partially explained and illustrated how they will help to improve the GDP as a tool for measuring the well-being of a nation; omitted some key information. Completed with 60-79% accuracy, thoroughness, and logic.You will receive a 30 in Competent if you only:Identified three such factors that, in your view, should be included in the GDP calculations; then sufficiently explained and illustrated how they will help to improve the GDP as a tool for measuring the well-being of a nation. Completed with 80-89% accuracy, thoroughness, and logic.YOU WILL RECEIVE A FORTY (40) EXEMPLARY. THIS SHOULD BE YOUR GOAL TO:Identified three or more such factors that, in your view, should be included in the GDP calculations; then fully explained and illustrated how they will help to improve the GDP as a tool for measuring the well-being of a nation. Completed with 90-100% accuracy, thoroughness, and logic.5) CLARITY:You will receive a 0 which is Unacceptable if you only:Did not complete the assignment or explanations are unclear and not organized. (Major issues)You will receive 20 in Developing if you only:Explanations generally unclear and not well organized. (Many issues)You will receive a 30 in Competent if you only:Explanations generally clear and/or organized. (Minor issues)YOU WILL RECEIVE A FORTY (40) EXEMPLARY. THIS SHOULD BE YOUR GOAL TO:Explanations very clear and well organized. (Added helpful details.)6) Writing – Grammar, sentence structure, paragraph structure, spelling, punctuation, APA usage.You will receive a 0 which is Unacceptable if you only:Did not complete the assignment or had 8 or more different errors in grammar, sentence structure, paragraph structure, spelling, punctuation or APA usage. (Major issues).You will receive 20 in Developing if you only:Had 6 – 7 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation or APA usage. (Many issues).You will receive a 30 in Competent if you only:Had 4 – 5 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation or APA usage. (Minor issues)YOU WILL RECEIVE A FORTY (40) EXEMPLARY. THIS SHOULD BE YOUR GOAL TO:Had 0 – 3 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation or APA usage.