ECO 203 Week 1 DQ 1 Opportunity Costs
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Week 1 DQ1
Opportunity Costs
One of the scarce resources that constrain our behavior is time. Each of us has only 24 hours in a day. How do you go about allocating your time in a given day among competing alternatives? How do you go about weighing the alternatives? How can you apply the concepts of opportunity cost to your decision to attend Ashford? Use the notion of opportunity cost in your answer. Respond to at least two of your classmates’ postings
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ECO 203 Week 1 DQ 2 NYC Rent
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Week 1 DQ2
NYC Rent
The rent for apartments in New York City has been rising sharply. Demand for apartments in New York City has been rising sharply as well. This is hard to explain because the law of demand says that higher prices should lead to lower demand. Do you agree or disagree? How is this going to affect prices in the market for New York City? Make sure to provide appropriate economic terms in your answers. Respond to at least two of your classmates’ postings
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ECO 203 Week 2 DQ 1 The Local Job Force
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Week 2 DQ1
The Local Job Force
Visit the Bureau of Labor Statistics and click on the links for state employment and unemployment. Look at your home state and describe what changes have taken place in the workforce and unemployment rate. Has the labor force participation rate gone up or down? Provide an explanation for the rate change. Are your state’s experiences the same as the rest of the country? Provide an explanation of why your state’s experiences are the...