Humanities Homework Help

Can you help me understand this Cultural Studies question?

Explanation of Economic Institutions

First, let’s talk a bit about the two interpretations of economic institutions. Bear with me; this discussion will help you understand what kinds of articles to look for and what kinds of discussions to have in this discussion board of economic institutions. There are two different notions or interpretations of the term, “economic institutions.” The first interpretation is that economic institutions can be specific agencies or foundations, and they can be government or private. They collect or study goods or services that are important to the economy of a country. Examples would be the Internal Revenue Service (the IRS), the government service agency responsible for collecting our taxes, and the United States Federal Reserve, the government service agency that produces the money we use every day. If you have ever filed income taxes, or have been audited by the IRS, as I have been, then you have had experience with an economic institution, the IRS. If you have ever put money into, or taken money out of, a bank, you have had experience with an economic institution, the banking industry.

The Second interpretation is that economic institutions are well established arrangements and structures of our United States culture or society. Competitive markets, the banking system that we all use, the allowances that some children receive (I say, “some children,” because I only heard about children getting allowances; my siblings and I never received an allowance). Other established arrangements or economic institutions include our practice of tipping for services (e.g., from waiters/waitresses, barbers, hair dressers, taxi/Uber drivers), and our system of property rights (your house, car, pets, clothes, boat, etc., and other items that you buy and own). There are also property rights associated with intellectual property, e.g., the papers that you write, as well as the ideas that you develop in your papers here at the university (see https://www.state.gov/intellectual-property-enforcement/ (Links to an external site.)).

Here are some questions associated with property rights: “If you have a patent, can someone elsewhere in the country or even elsewhere in the world copy and benefit from your idea without compensating you? Can a town take over your house and land and use it to build a mall even if you don’t want to sell out (called eminent domain)? Do you own your kidneys and can you buy or sell one?” For those of you who have children, do you own your children until they reach a legally-defined age?

The behind-the-scenes laws and customs turn out to matter a great deal in the economic health, growth, and wellbeing of an economy and its citizens. Different sets of rules and laws about how a person may acquire, change, benefit or profit from, and dispose of various kinds of property affect everything from the daily lives of citizens to the growth and prosperity of a country to international relations. Did you know that you cannot just give someone your car or house, or even a large sum of money. There are specific laws that must be followed—and mandated paperwork filed—or you and the person to whom you “give” that car, house, or money may be in a whole lot of trouble. Dear tutor choose one article directly related to the economic institutions in the United States of America. The economic institutions of the United States include, but are not limited to, Department of Motor Vehicles, mortgage brokers, mortgage lenders, the IRS, the National Patent Office, organ donation entities. The individuals who work in these entities are representatives of these economic institutions.

Please locate one article, published within the last six years (nothing older than 2015) about cultural pluralism or diversity, equity, and inclusion and the economic institutions.

Then answer these questions in 1-2 paragraphs 1) how the article that you have located is related to economic institutions and diversity, equity, and inclusion (cultural pluralism), and 2) how the article supplies evidence for the ratings that your group will be recording for the economic institutions on the Report Card Project.