ECO 203 Week 1 DQ 1 Economics Systems
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Economics Systems-Discussion 1
Discuss how your college education could be considered an investment in human capital. What is the opportunity cost of your degree?
Reference: Chapter 1, section 1.1: Economics and Chapter 2, section 2.1: Limited Resources.
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ECO 203 Week 1 Quiz (Ash Course)
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1. Question : If an individual's income increases, then the demand for a normal good will
2. Question : An example of investment, as defined in economics, is
3. Question : All but which one of the following could shift the demand curve?
4. Question : When a firm decides to replace some workers with robots in its production process, it is making a decision about one of the basic economic questions. Which one?
5. Question : When price changes, one should expect a change in
6. Question : Demand relates the various amounts that consumers are willing to buy over a specified time period
7. Question : When the government redistributes income, it is answering a basic economic question. Which one?
8. Question : Self-interested behavior and incentives are
9. Question : Which of the following would be described as capital by an economist?
10. Question : When price changes, there is an opposite change in the
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ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation
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Who Benefits and Who Loses from Inflation?
Inflation is an important policy issue because it causes a redistribution of income and wealth, and...