Economics Planet Money Podcast Worksheet

quiz 1Listen to “Episode #978: Coronavirus, Oil, and Kansas” of NPR’s Planet Money podcast. Write a short response (2-4 college-level sentences will do) to the following questions. A. How did the 2020 pandemic lead to a temporary break down of collusion in OPEC+?B. What consequences does the breakdown of collusion among major petrol-states have on smaller private producers in the oil market?quiz 2Listen to “Episode #787: Google is Big. Is that Bad?” of NPR’s Planet Money podcast. Write a short response (2-4 college-level sentences will do) to the following questions. A. Briefly outline the EU’s anti-trust case against Google. (Why were they suspected of illegally deterring competitors?)B. Briefly outline the Google’s defense against these anti-trust charges. (Why does Google say that they have not violated anti-trust law?)quiz 3Listen to “Episode #381: When Businesses Love Regulation” of NPR’s Planet Money podcast. Write a short response (2-4 college-level sentences will do) to the following questions. 1. How does professional licensing economically benefit currently practicing cosmetologists? 2. Ideally, what factors would government officials/policy makers consider when deciding to increase/decrease professional licensing regulations in a particular industry? What often influences lawmakers decisions?