Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students or your faculty member. 

Due Day 3

Respond to the following in a minimum of 175 words:

• Discuss how economics plays a vital role in shaping public discussion in the following policy areas:
• Household taxation
• Business taxation
• Import taxation (tariffs)
• Provide several examples of how economics plays a role in policy or public discussion related to your career. Why is understanding economics important for you?

Due Day 7

Reply to at least 2 of your classmates or your faculty member. Be constructive and professional.

Economics plays a major part in our financial market and the economic world. Economics also spare public policy. For instance, household taxation is affected and is shaped by economics in that it is microeconomics. It limits the items we can purchase, based on our spending power. Also, the rate of supply and demand also enables or disables us to purchase the items.