1. Rousseau says that “property is the most sacred of all the rights of citizenship.” What do you think he means by this? Why might property be the most important right of a citizen?
2. Why does Rousseau say the people cannot govern themselves without rulers?
3. Do you think it is true that “every government constantly tends to become lax,” meaning relaxed, inefficient, or lazy? Does your own attitude about the government match Rousseau’s observations?
4. Interpret the following line: “And it may justly be said that a government has reached the last stage of corruption, when it has ceased to have sinews [strengths] other than money.” What other government strengths might Rousseau be referring to?
5. Throughout the essay, Rousseau alludes to society’s confidence — or lack thereof — in its ruling government. According to the passage, what is the primary reason for citizen mistrust in a government? How might a government avoid losing the trust of its citizens?
6. What is the difference between progressive and regressive methods of taxation? Explain.
7. Identify actions a government can take to protect its domestic industries. Describe the effects that these actions have on domestic consumers.
8. Describe the difference between public goods and private goods. Explain why government action is necessary to ensure the provision of public goods.
9. What does the government do to protect competition in a free-market system? Explain why the government needs to take these actions.
10. How can censorship negatively affect economic activity?
11. Define comparative advantage, and explain how a country gets a comparative advantage in the production of a certain good.
12. Explain why globalization is increasing the gap in income, wealth, and economic growth that already exists between developed and developing countries.
13. What is the purpose of the WTO? Explain one positive effect and one negative effect the WTO’s operations can have on member countries.
14. Describe how the globalization of production leads to environmental damage.
15. Explain why the high-tech and textile industries in the United States are facing continued job losses.
16. What is included in a personal budget? Why is a personal budget a useful tool?
17. What are the main costs associated with higher education? Why might the financial burden of college actually be economically worthwhile?
18. Choose one type of insurance. Explain what it is and why it is useful or necessary.
19. How are debit and credit cards similar? How are they different?
20. What does it mean to be a socially responsible consumer? Use an example to support your explanation.
21. Describe the circular flow model of the free-market system.
22. How do consumers use cost-benefit analysis? Why do consumers make different decisions using this process?
23. Name two different market structures. Describe how and why they each have a different competitive situation.
24. What is the Law of Supply and Demand? Explain how increases and decreases in supply and demand affect prices.
25. What is the business cycle? What causes changes from one phase of the business cycle to another?
26. Explain the different investment options someone with a high level of risk aversion might choose. What are the possible investment goals for this person?
27. What are tariffs? What are some of the harmful effects of tariffs?
28. Give an example of a public good and describe why it’s a public good. Should the government provide this good? Why or why not?
29. What is globalization? Why does globalization benefit some countries more than others?
30. There are a number of organizations designed to regulate the global economy and assist individual nations in the global economy. List and describe two such organizations.
The world had experienced two mechanical upheavals. The main upheaval started in the 1700s. What's more, the second unrest occurred in the 1860s. Both of the unrests were the most essential time frames in the historical backdrop of human culture since they impacted relatively every part of life and particularly brought the world completely new sorts of transportations. Steam motor, conduit, street, and railroad experienced fundamentally change amid the main insurgency, and the second upheaval brought the innovations of car and plane; both they assumed a basic part in the advancement of transportation ever. The steam motor was a standout amongst the most fundamental parts that had been designed amid the main modern upset. It contributed a great deal to the change of transportation. Thomas Newcomen was the principal individual who created the steam motor. Be that as it may, the utilization of the steam motor was costly and not effective. (World History course book) Until 1765, James Watt, one of the best supporters of transportation, improved the steam motor to be more effective and devour less fuel by adding a different condenser to Newcomen's motor. Watt's change had spared very nearly 75 percent of the fuel that had already been utilized by the motor. (Kendra Bolon) After the change, the steam motor had been utilized extensively on alternate transportations, for example, steam ship and steam train. The steam motor enhanced the method for transporting, as well as the personal satisfaction. For instance, individuals could go by taking train and steam send. Additionally, they could appreciate the life by watching the scene amid the outing. Along these lines, the steam motor was the most unimaginable transportation on the planet. Streets, trenches, and railroads were three noteworthy segments of transportation enhanced amid the main mechanical upset. Individuals utilized the streets as the essential method to transport the products starting with one place then onto the next. Streets were in terrible repair before the primary upheaval, and it were not effective for individuals to transport products. (World History course reading) John MacAdam, Thomas Telford, and John Metcalfe all built up the new streets development systems. Thomas Telford made new establishments in streets with substantial level stones. John MacAdam outfitted roadbeds with a layer of vast stones; thusly, individuals could transport products on a stormy day. Channel was another essential piece of transportations, which enabled products to be transported through a progression of man-made conduits. Transporting merchandise by channel brought down the dangers of crushed items amid course. Also, a channel canal boat could convey a bigger number of items than alternate types of transportation amid that time. Channel additionally cost less cash for transporting stock. For the reason of transporting substantial products from place to put, the change of railroad started in 1800, which made an incredible jump in transporting innovation in mankind's history. The enhanced steam motor drove the running train with appropriately fueled system of rolling. The change of railroads enabled the towns and urban communities to develop quickly. In the mid-eighteenth, Abraham Darby made a plate method for cast press over rails that permitted the heaters working and ready to lift the iron plate. In 1789, William Jessop built up a "L" formed rail which held the wagon on the track. Merchandise could be exchanged inside a short measure of time, which cultivated the horticultural and angling enterprises. The train was equipped for transporting triple measure of products contrasted with the stallion pulled wagons. (Mrs. Abiah Darby) The change of street, trench, and railroad changed the method for transporting, the sum and separation of transporting merchandise expanded essentially and influenced how individuals lived in like manner. The vehicle and plane were the two most unbelievable types of transportations that were been designed amid the second modern unrest in the 1860s. Car was pivotal type of transportation since it influenced the entire world. The vehicle was first designed by Karl Benz in 1886. Later on, in 1908, Henry Ford made the car moderate for individuals by presenting the mechanical production system. (World History course book) Automobile empowered individuals to go anyplace they needed to whenever. It's the most advantageous apparatus for individuals to move. Concerning the other critical creation, plane, was worked in 1903 by Wilbur and Orville Wright. (World History reading material) Around 400 BC, Archytas was presumed as the main individual outlined and manufactured the principal self-pushed flying gadget. While the Wright siblings made the primary effective attempt to convey a man ascended via plane. The main plane flew normally at even speed, and plummeted without harm. In spite of the fact that the flight endured just 59 seconds, it denoted an essential beginning of the air ship industry. The presence of vehicle changed the entire world totally in that it gave an advantageous and moderate approach to transport and move for individuals. The making of plane expands the extension and separation of the transportation, which may transports travelers and products crosswise over landmasses and land. These two developments both conveyed critical impact to individuals. All in all, amid the first and second modern unrests, transportation had experienced emotional change and change. It not just brought powerful and productive method for transporting, yet in addition impacted and molded individuals' life, relatively every viewpoint in individuals' day by day life. With the progress of innovation, transportation advanced. The steam motor prompted the use of train and steamboat, which expanded transporting limit and along these lines encouraged more creation machines for assembling in different enterprises. Exchange extension was encouraged by the presentation of channels, enhanced streets and railroads. The creation of vehicle grounded the essential method for transportation for individuals while the plane gave a quicker route from place to put. The first and second mechanical transformation denoted a defining moment in mankind's history, and transportation assumed a fundamental part influencing individuals' life socially and monetarily.>GET ANSWER