GCU ADM614 Week 4 Discussion (dq1+dq2)

ADM 614 Economics for Public Administrators

Week 4 Discussion

DQ1 Monopolies are good for producers but not consumers. Differentiate between the positive and negative impacts of monopolies on the economy. Discuss why or why not monopolies are bad for the economy?

DQ2 Compare and contrast the three types of unemployment. Discuss how these three types of unemployment demystify a common myth that “unemployment would not exist if the economy were operating efficiently.”