In “An Inquiry into the Nature and Causes of the Wealth of Nations” published in 1776, Adam Smith wrote: “Nothing is more useful than water: but it will purchase […]
Microeconomics
Microeconomics
This task brief covers for 30% of your final grade in Microeconomics. For Part I (50% weight) you need to reflect on the concepts digested, like trade off, scarcity, […]
Microeconomics
Select one topic, then post and concisely defend your view. You may post to both topics, but are required toonly select one for your initial post. Be careful to identify […]
Microeconomics
Explain why the general level of wages is high in the United States and other industrially advanced countries. What is the single most important factor underlying the long‐run increase in […]
Microeconomics
What are the four main categories of resources? Explain each of them. (a) Explain what happens in the simple circular flow diagram? (b) What effect do price controls have on […]