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Assume you are going to become a small business owner within the next 5 years. Based on all you have read through chapters 1-2, write
- Assume you are going to become a small business owner within the next 5 years. Based on all you have read through chapters 1-2, write a short essay where you pick the 5 most goals, other than profits, that your firm wants to achieve. The goals need to be specific and relative to your business. YOU MAY NOT USE PROFITS AS A GOAL - WE ALREADY KNOW THAT. If you state generic goals, that will be worth almost no points.Be certain to state what you would like your business to be selling or producing. . This is a 35- point question, answer it accordingly.
- Explain in detail how the household sector interacts with the resource/factor market
- Construct an Economic Model on how you would study the problem of affordable housing in the USA. State and explain everything, step by step.
- In yourState and explain the law of demand. Why do we include the phrase 'other things equal" mean?
- in your State and explain the law of supply. Why do we include the phrase 'other things equal" mean?
- In your words, explain the difference between a movement along the demand curve and a shift in demand.
- In your words, explain the difference between a movement along the supply curve and a shift in supply.
Macroeconomics, Updated edition, 8th edition,By Hubbard and O'Brien, is the textbook
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