Economic Principles

Overview
In this assignment, you will develop a paper in which you select
an industry that interests you, describe that industry, and explain how
government might impact the industry.
An Example Economic Paper and Economic Paper Template are provided below for this assignment.
Review the Microeconomic Paper Example [DOCX].
Use the Microeconomic Paper Template [DOCX] to help you get started. (Optional).
Instructions
Review your chapter readings and use the resources provided to
develop a 23-page paper on Economic Principles Microeconomics in
which you:
Visit the Census Bureau (NAICS) website and select an industry that has a description. Some of the smaller industries are named, but not described.
The industry could be broad, such as
industry 11 Agriculture, Forestry, Fishing, and Hunting, or it could be
narrow, such as industry 112112 Cattle Feedlots.
The more digits in the industry label, the narrower the industry.
In a few short paragraphs, describe your selected industry using the industry description at the NAICS website.
Be sure to write in your own words. Dont just copy and paste the NAICS text.
Identify some of the major companies in this industry
Identify the goods, and/or services this
industry produces. Use the information from the NAICS website. You can
supplement this information with what you find in a separate Google
search.
Describe a microeconomic variable for your
industry. Microeconomic variables include prices, sales, production,
advertising, investment, etc.
Include a graph, chart, or table showing this microeconomic variable over time.
You do not need to create this graph,
chart, or table. Find one that has already been created and paste it
into your paper. For example, if your industry is U.S. automobile
manufacturing, Google, U.S. automobile manufacturing over time. Select
the images option. Choose one of the graphs, charts, or tables. Then
copy and paste it into your paper.
Include a reference to the source of the
graph, chart, or table. Microeconomic relationships and market outcomes
are covered in Weeks 24.
Describe one way the government might impact
this industry. Examples might include price controls, regulations,
taxes, or any other way you can think of.
Government intervention through price controls, regulations, taxes, and antitrust enforcement were covered in Weeks 2 and 4.
This course requires the use of Strayer
Writing Standards. For assistance and information, please refer to the
Strayer Writing Standards link in the left-hand menu of your course.
Check with your professor for any additional instructions.

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