04 Jun Question module 1 According to the Circular Flow Diagram on p
Question
module 1
According to the Circular Flow Diagram on page 25 in our textbook, our flow of dollars from income earned for household to spending for god and services causes revenue for the firms.
module 2In economics, the law state that, all else being equal, as the price of a product increases, quantity demanded fails, and if the price of a product decreases, quantity demanded increases
.module 3
Discuss how government revenue depends heavily on taxation and the impact on markets.
module 4
What are the predictions of the future of the Social Security program?
module 5
What are the different costs associated with production?
module 6
Share differences between monopoly and oligopoly? Research the internet and provide an example of an organization that in the past or current may be considered a monopoly. Be sure to provide your internet link.
module 7
Discuss the growing disparity of earnings in our society in regards to facing a trade-off between equity and efficiency and what does this have to do with the Ten Principles of Economics?
module 8
How will you apply this course information to your personal growth? What challenges do you anticipate?
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