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The Department of Homeland Security, created in 2002, created the second largest government agency in the country

Two discussions Module 7 and 8. 125 words initial post for each and two replies of 50-60 words each discussion. I will post the replies later. 

Module 7 Discussion 

The Department of Homeland Security, created in 2002, created the second largest government agency in the country (second only to the Department of Defense). The creation of this agency was highly controversial in the United States Congress for two primary reasons. First, the cost of administration of the new agency immediately created a new, huge financial obligation of the government that did not exist previously and, secondly, the new agency became an “umbrella” agency that managed twenty-two previously autonomous agencies already assigned the basic mission directives of security within the United States. Are these alleged criticisms valid, or did a new need exist? 

Module 8 Discussion 

 The living will is a relatively new doctrine and instrument in the English Common Law. The living will is a creation of necessity that came about due to the huge and unforeseeable medical advances that occurred in the 20th century due primarily to technological breakthroughs. Prior to this time, the common law allowed an individual to make her medical decisions only during such time as she was physically competent to do so. If and when such competency ended, the law imposed a strict protocol of persons to whom the duty of decision-making would fall. No allowances were made for what we now call advance directives. Is this an improvement of the law or do living wills and advance directives create more problem than they solve? Please use a concrete example to support your argument. 

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Explain the difference between oral auctions and second-price auctions, including how they work and their results.

Instructions

Auctions can be an important tool for selling goods and gathering information. Auctions are used in multiple venues including agriculture, eBay, and distressed asset sales. The seller does not have to worry about estimating demand and setting a price because the demanders will do that through the auction process.

Write an essay examining the value of auctions in the economy by addressing the following items.

  • Explain the difference between oral auctions and second-price auctions, including how they work and their results.
  • Use the expected value information to illustrate how having more bidders in an oral auction will likely result in a higher winning bid.
  • Explain how the number of bidders in a common value auction affects the outcome of the auction. Relate this to the effect on price in different market structures based on the number of producers.
  • Auctions lead to outcomes where buyers reveal their value for the products being auctioned. To successfully price discriminate, firms often rely on buyers revealing their value for products. Explain the conditions necessary for firms to be able to price discriminate.

Your essay must be at least four pages in length (not counting the title and references pages) and include at least three peer-reviewed resources. Adhere to APA Style when writing your essay, including citations and references for sources used. Be sure to include an introduction. Please note that no abstract is needed.

If you need help identifying peer-reviewed publications, review the CSU Online Library resources Peer-Reviewed Resources and video How to Find Peer-Reviewed Resources (Transcript for Peer-Reviewed Resources video).

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theme of sustaining Earth’s biodiversity and ecosystems; second, to provide your first contribution to a collective project