- Establish basic information:
- Identify a local issueIssues to choose from: Animal rights, censorship, Water quality, Disaster preparedness, Food scarcity, Infrastructure, Minimum wage, Local business growth, Education funding
- Identify a potential legal solution for the issue. It may be a new law, a change to an existing regulation, or a new idea.
- Apply predictive thinking. Respond to each of the following questions in at least one complete paragraph:
- What group of people would be most affected by this legal solution? For example, this might be business owners, people in a certain occupation, age group, neighborhood, etc.
- Why might this group of people resist complying with the new law or regulation? Consider the financial costs or other short- and long-term costs this group may bear.
- How might local government address these reasons for resistance in a positive way, to incentivize compliance? For example, perhaps there could be some sort of compensation for any financial costs incurred.
- What consequence for violations would be necessary to incentivize this group to comply with the regulation? For example, a fine would have to be high enough to deter violators but not so high that the legal system would refuse to enforce it.
- Evaluate the legal solution. Having applied predictive analysis, would you support this legal solution in your community? Explain why or why not in a complete paragraph.
1-2 Discussion: Economics and Business Decisions Possible Points: 40 Every individual confronts economic issues daily. This is especially true of business owners, who spend their time thinking of ec
1-2 Discussion: Economics and Business Decisions Possible Points: 40 Every individual confronts economic issues daily. This is especially true of business owners, who spend their time thinking of economic issues such as how to handle changes in the price of goods, how to allocate their time, and whether to buy or