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Please name at list three concepts in Chapters 1 – 3 that seem challenging to you. Next, describe what is making each of those concepts challenging Please name at list three concepts in Chapters 1 – 3 that seem challenging to you. Next, describe what is making each of those concepts challenging. What steps have … Read more
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The purpose of this is assignment is for students to review the basic principles of economics and the concepts of the circular flow model The purpose of this is assignment is for students to review the basic principles of economics and the concepts of the circular flow model, showing the connectivity of society’s economic players … Read more
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What is the Production Possibilities Model (PPM or sometimes, PPF) and how is this model related to the concept of opportunity cost #1 The Production Possibilities Model (Professor) What is the Production Possibilities Model (PPM or sometimes, PPF) and how is this model related to the concept of opportunity cost, as discussed in Chapter 2 of course … Read more
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Behavioral economist Dan Ariely, the author of Predictably Irrational, uses classic visual illusions and his own counterintuitive Behavioral economist Dan Ariely, the author of Predictably Irrational, uses classic visual illusions and his own counterintuitive (and sometimes shocking) research findings to show how we’re not as rational as we think when we make decisions Link: https://www.ted.com/talks/dan_ariely_asks_are_we_i… Please … Read more
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Of the four factors in economic theory that relate to productivity – physical capital, human capital, natural resources, and technology Productivity and Economic Growth (Professor Rebuttal) Of the four factors in economic theory that relate to productivity – physical capital, human capital, natural resources, and technology – which do you believe is the key factor which relates to productivity and hence economic growth? Please … Read more
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