This discussion question has two parts, a and b. Be sure to answer both parts: a.) Select one or more rules or regulations that Dean Baker specifically suggests would lead to a more "level" playing field in the transportation industry and explain why you think this is or is not sound public policy. As a related aspect of this question: Do a web search to find out if the business practices of Uber or Lyft have changed for the rule or regulation you selected and if so, describe how Lyft or Uber's business practices have changed? In your discussion answer for this part, be sure to include the URL of the website you relied on for your information about changes by Lyft or Uber. b.) And, link the rule or regulatory proposal you chose to at least one aspects of Smith's theory (reference "Adam Smith: The Theory of Capitalism" reading from Module 1). In other words, use Smith's theory of capitalism and competition to discuss Baker's proposal for changing the rule or regulation you selected to discuss in part a.).
This discussion question has two parts, a and b. Be sure to answer both parts: a.) Select one or more rules or regulations that Dean Baker specifically suggests would lead to a more "level" playing field in the transportation industry and explain why you think this is or is not sound public policy. As a related aspect of this question: Do a web search to find out if the business practices of Uber or Lyft have changed for the rule or regulation you selected and if so, describe how Lyft or Uber's business practices have changed? In your discussion answer for this part, be sure to include the URL of the website you relied on for your information about changes by Lyft or Uber. b.) And, link the rule or regulatory proposal you chose to at least one aspects of Smith's theory (reference "Adam Smith: The Theory of Capitalism" reading from Module 1). In other words, use Smith's theory of capitalism and competition to discuss Baker's proposal for changing the rule or regulation you selected to discuss in part a.).
Chapter5: Supply, Demand, And Price: Applications
Section5.11: Application 11: Supply And Demand On A Freeway
Problem 2ST
Related questions
Question
Transcribed Image Text:This discussion question has two parts, a and b. Be sure to answer both parts: a.) Select one or more rules or regulations that Dean Baker
specifically suggests would lead to a more "level" playing field in the transportation industry and explain why you think this is or is not sound
public policy. As a related aspect of this question: Do a web search to find out if the business practices of Uber or Lyft have changed for the
rule or regulation you selected and if so, describe how Lyft or Uber's business practices have changed? In your discussion answer for this
part, be sure to include the URL of the website you relied on for your information about changes by Lyft or Uber. b.) And, link the rule or
regulatory proposal you chose to at least one aspects of Smith's theory (reference "Adam Smith: The Theory of Capitalism" reading from
Module 1). In other words, use Smith's theory of capitalism and competition to discuss Baker's proposal for changing the rule or regulation
you selected to discuss in part a.).
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning