1) What is one definition from the Unit One Definitions" that you think you will remember from this "Micro Economics" class? Make sure to first include the number of the definition from the list in this document(there are 23 definitions to choose from) and to then discuss how you think you could apply this economic definitionin your own life sometime in the next several months:

Please choose one:

1. Monopoly

2. Oligopoly

3. Cartel

4. Collusion

5. Health maintenance organization (HMO)

6. Preferred provider organization (PPO)

7. Deductible

8. Co-Payment

9. Medical Savings Accounts

10. Resource Markets

11. Human Capital

12. Marginal Revenue Product

13. Resource Mobility

14. Fringe Benefits

15. Real Earnings

16. Employment Discrimination

17. Automation

18. Capital

19. Saving

20. Inflation Premium

21. Positive Rate of Time Preference

22. Real Interest Rate

23. Entrepreneur

24. Income Mobility

25. Poverty Level

26. Samaritan's Dilemma