{"id":37572,"date":"2024-11-11T19:37:34","date_gmt":"2024-11-11T19:37:34","guid":{"rendered":"https:\/\/www.writemyessays.app\/blog\/questions\/what-criticism-of-this-policy-might-be-suggested-by-the-article-by-david-schmitdz-on-price-controls\/"},"modified":"2024-11-11T19:37:34","modified_gmt":"2024-11-11T19:37:34","slug":"what-criticism-of-this-policy-might-be-suggested-by-the-article-by-david-schmitdz-on-price-controls","status":"publish","type":"questions","link":"https:\/\/www.writemyessays.app\/blog\/questions\/what-criticism-of-this-policy-might-be-suggested-by-the-article-by-david-schmitdz-on-price-controls\/","title":{"rendered":"What criticism of this policy might be suggested by the article by David Schmitdz on price controls?"},"content":{"rendered":"<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Length<\/span><\/b><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">:&nbsp; approximately 500-600 words<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">&nbsp;<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><i style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">To prepare for writing the essay it is highly recommended that you do the assigned readings for this module and watch the lecture videos! The lecture videos are likely to help you organize your interpretation of the readings.<\/span><\/i><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><i style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">&nbsp;<\/span><\/i><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Background<\/span><\/b><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">: In the spring of 2020, in response to the coronavirus pandemic, many stores in the Tucson area adopted the policy of not really raising their prices on toilet paper despite increased demand for toilet paper.&nbsp;&nbsp;<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Questions for the essay:&nbsp;<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/span><\/b><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">What criticism of this policy might be suggested by the article by David Schmitdz on price controls?&nbsp; And do you agree with this line of thought or not?&nbsp; Should stores have raised their prices in the face of increased demand?<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\"><strong style=\"cursor: auto; color: inherit;\">Internal Citation Requirement for the essay<\/strong>:&nbsp; Your essay must include at least TWO internal citations where you refer to course materials for this module, one to the Schmidtz article, and one to at least one of the lecture videos for module 7.&nbsp; For the Schmidtz article, the citation should indicate the page #, e.g. (Schmidtz, p. 1).&nbsp;&nbsp; For the lecture video, the citation should include the time stamp, e.g. (Oberdick, lecture video 7.3, 6:22).<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><strong style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Internal Citation Requirement Penalty:&nbsp; Failure to include the citations will result in a 30 point penalty on the assignment, 15 points for each missing citation.<\/span><\/strong><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">&nbsp;<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Your essay should be clearly organized in 5 paragraphs (see below) and contain no grammatical errors:<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">In your 1st paragraph briefly introduce your topic.<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt 1in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">This paragraph can be very short, a few sentences in which introduce the topic of your essay and your main claims.<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt 1in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Feel free to use the first person \u201cI\u201d in formulating your essay.&nbsp; For example, \u201cIn this short essay I will discuss\u2026 and explain\u2026\u201d etc.<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">In your 2<sup style=\"cursor: auto; color: inherit;\">nd<\/sup><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>paragraph describe Schmidtz\u2019s argument against price controls.<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt 1in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Here be sure to describe both of the main elements of Schmidtz\u2019s argument against price controls.<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt 1in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">This paragraph should be devoted to explaining<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><u style=\"cursor: auto; color: inherit;\">the general idea<\/u><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>of Schmidtz\u2019s argument, not any specific application of these ideas to the toilet paper case.<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">In your 3<sup style=\"cursor: auto; color: inherit;\">rd<\/sup><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>paragraph, apply Schmidtz\u2019s ideas to Tucson stores\u2019 decision not to raise toilet paper prices.<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt 1in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">In this paragraph be sure to delineate what criticism, if any, Schmidtz\u2019s arguments might imply for the decision to not raise prices.<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">In your 4<sup style=\"cursor: auto; color: inherit;\">rd<\/sup><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>paragraph develop and defend your own position.<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In this paragraph be sure to take a clear stance and then to defend this stance.<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt 1in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Also, be sure to defend your view in relation to the analysis developed in paragraph 3.<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">In your 5<sup style=\"cursor: auto; color: inherit;\">th<\/sup><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>paragraph briefly conclude.<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/span><\/b><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">This paragraph can be very brief, 1 or 2 sentences.<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">&nbsp;<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Do NOT number your paragraphs or include the assignment questions in your answer.&nbsp; Your assignment should read like an essay, with appropriate transitions between paragraphs.&nbsp; For example, you may want to the second paragraph with:&nbsp; \u201cSo, let\u2019s first say describe Schmidtz\u2019s argument against price controls.\u201d<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Each paragraph of the assignment will count for a portion of the final grade, as follows:<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">1<sup style=\"cursor: auto; color: inherit;\">st<\/sup><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>paragraph \u2013 5%<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">2<sup style=\"cursor: auto; color: inherit;\">nd<\/sup>, 3<sup style=\"cursor: auto; color: inherit;\">rd<\/sup>, and 4<sup style=\"cursor: auto; color: inherit;\">th<\/sup><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>paragraphs \u2013 30% each<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">5<sup style=\"cursor: auto; color: inherit;\">th<\/sup><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>paragraph \u2013 5%<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">The assignment will be graded for:<\/span><\/b><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Completeness:&nbsp;<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/span><\/b><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Be sure to answer each aspect of the questions asked.<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Accuracy:&nbsp;<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/span><\/b><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Be sure to accurately explain Schmidtz\u2019s position.<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Organization:&nbsp;<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/span><\/b><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Your essay follow the 5 paragraph structure outlined above.<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Clarity:&nbsp;<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/span><\/b><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Your ideas should be clearly expressed and the reader should be able to easily follow your train of thought.&nbsp; Avoid convoluted sentences.&nbsp; Write concisely.<b style=\"cursor: auto; color: inherit;\">&nbsp;<\/b><\/span><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Grammar:&nbsp;<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/span><\/b><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Your essay should contain no grammar or spelling mistakes.<b style=\"cursor: auto; color: inherit;\"><\/b><\/span><\/p>\n<p style=\"margin: 0in 0in 8pt 0.5in; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">Length:&nbsp;<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><\/span><\/b><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">The assignment should be at least 250 words long.&nbsp;<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><b style=\"cursor: auto; color: inherit;\"><i style=\"cursor: auto; color: inherit;\">There will be no penalty for assignments that go longer than the suggested approximate word count.<\/i><\/b><\/span><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">&nbsp;<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><b style=\"cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">References:<\/span><\/b><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">&nbsp;&nbsp; This is not a research paper.&nbsp;&nbsp; Unless you use sources outside those posted on our D2L site, it is not necessary to include a separate reference or works cited page.&nbsp;&nbsp;&nbsp;&nbsp; But, DO internally cite any direct quotes or closely paraphrased content from our course materials.&nbsp; For David Schmidtz\u2019s, \u201cAre Price Controls Fair,\u201d use (Schmidtz, p. x).&nbsp;&nbsp; For lecture videos use, for example, (Oberdick, 7.3, 3:20). &nbsp;<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">&nbsp;<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\">&nbsp;<\/span><\/p>\n<p style=\"margin: 0in 0in 8pt; font-size: 11pt; line-height: 15.6933px; cursor: auto; color: inherit;\"><span style=\"font-size: 12pt; line-height: 17.12px; cursor: auto; color: inherit;\"><br \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Length:&nbsp; approximately 500-600 words &nbsp; To prepare for writing the essay it is highly recommended that you do the assigned readings for this module and watch the lecture videos! The lecture videos are likely to help you organize your interpretation of the readings. &nbsp; Background: In the spring of 2020, in response to the coronavirus [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[43],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/37572"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=37572"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/37572\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=37572"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=37572"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=37572"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=37572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}