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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

  1. 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.
  2. Explain in detail how the household sector interacts with the resource/factor market
  3. Construct an Economic Model on how you would study the problem of affordable housing in the USA. State and explain everything, step by step.

  1. In yourState and explain the law of demand. Why do we include the phrase 'other things equal" mean?
  2. in your State and explain the law of supply. Why do we include the phrase 'other things equal" mean?
  3. In your words, explain the difference between a movement along the demand curve and a shift in demand.
  4. 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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