1. Please read ECON Chapter 3, Section 3-2b. Compare and contrast Sole Proprietorships, Partnerships and Corporations by describing differences in the following areas. a. Ownership b. Financial Disadvantages c. Position in the US Economy

2. Please read ECON Chapter 3, Section 3-3a. In your own words, please list and briefly describe each of the seven roles of government and provide one specific example not listed in the textbook of the United States Federal Government acting in that role.

3. Please read ECON CH 3, Section 3.3e. Compare and contrast the following and offering your opinion on which one of each pair of tax strategies is the most appropriate. a. The “ability to pay” or the “benefits received” taxation principles b. “Progressive” taxes or “regressive” taxes.