Microeconomics

ECON 201 Term Paper 2 | american-public-university-system Instructions For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course. You will research and find an article that covers the topic you have chosen. You can use an article online or offline from any reputable source. You will write up a review of the article and integrate c

ECON 201 Term Paper 1 |american-public-university-system Hide Assignment Information Turnitin® This assignment will be submitted to Turnitin®. Instructions For Term Paper #1 I’d like you to explore the concept of division of labor. Please make sure to address the following questions: How important is the division of labor to a capitalist economy? How does the division of

ECON 201 Week 7 Quiz | american-public-university-systemQuiz Submissions - Week 7 Quiz (Chapter 11)Question 1Monopolistic competition is an industry characterized by a:·small number of firms producing identical products, with barriers to entry for firms.·small number of firms producing similar products, with relatively easy entry for firms.·large number of firms producing similar products, with relatively easy entry for firms.·large number of fir

ECON 201 Week 6 Quiz |american-public-university-systemQuiz Submissions - Week 6 Quiz (Chapter 9 & 10)Question 1Perfect competition is characterized by:·rivalry in advertising.·fierce quality competition.·the inability of any one firm to influence price.·widely recognized brands.Question 2An industry that contains a firm that is the only producer of a good or service for which there are no close substitutes and for which entry by potential ri

ECON 201 Week 5 Quiz | american-public-university-systemQuestion 1Average variable cost is:·the firm's variable cost per unit multiplied by the quantity.·total variable cost divided by quantity.·the difference between average total cost and total variable cost.·the difference between total cost and total variable cost.Question 2Which of the following is (are) correct?·Firms are organizations that produce goods and services.·Firms seek to maximize

ECON 201 Week 3 Quiz |american-public-university-systemQuiz Submissions - Week 3 Quiz (Chapter 4 & 5)Question 1Demand is price inelastic if:·the price of the good responds slightly to a quantity change.·the demand curve shifts very little when a demand shifter changes.·the percentage change in quantity demanded is relatively small in response to a relatively large percentage change in price.·all of the above are true.Question 2If the absolute

ECON 201 Week 2 Quiz | american-public-university-systemQuiz Submissions - Week 2 Quiz (Chapter 3)Question 1A shift of a demand curve to the right, all other things unchanged, will:Question options:·increase equilibrium price and quantity.·decrease equilibrium price and quantity.·decrease quantity and increase price.·increase quantity and decrease price.Question 2If the current price is above the equilibrium price, we would expect:·quantity deman

ECON 201 Week 1 Quiz |american-public-university-systemQuiz Submissions - Week 1 Quiz (Chapters 1 & 2)Question 1The branch of economics that examines the impact of choices on aggregates in the economy is:·positive economics.·normative economics.·macroeconomics.·microeconomics.Question 2When we are forced to make choices we are facing the concept of:·ceteris paribus.·free goods.·scarcity.·the margin.Question 3An economic system is the set of r

ECON 312 Week 8 Discussion | Devry UniversityWeek 8: Looking AheadClass, looking back over the Course Objectives for this course, what are you looking forward to learning more about throughout your education and career?

ECON 312 Week 7 Discussion | Devry UniversityWeek 7: International Trade and Exchange RatesInitial Post (up to 10 points)Trade is the exchange of goods for goods or labor service for money (indirect). Trade is based on what people can do well given their factor endowment (knowledge, abilities, skills, and resources).International trade is the exchange of good, services, and capital across international borders. International trade is based on the