Reference no: EM131186102
Assignment: The Key Concepts in Economics
Write a three to four page paper in which you:
1. Identify at least four key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8.
2. Apply one of the following economic concepts (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggregate supply) to the key points that you highlighted in Question 1.
3. Explain how the concept that you identified in Question 2 could affect the U.S. economy.
4. In your concluding paragraph, state whether you agree or disagree with the economic article identified in Question 1. Provide a rationale for the response.
5. Use at least three quality resources in this assignment with one being your article.
Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
• Analyze the dynamics of supply and demand to anticipate market equilibrium.
• Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies.
• Describe the impact of various forms of competition on business operations with emphasis on perfect competition.
• Use technology and information resources to research issues in principles of economics.
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Providing government subsidies to encourage farmers
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Conduct a hypothesis test
: Conduct a hypothesis test to determine whether the whisper number justifies a conclusion of a statistically significant increase in the consensus estimate of economists.
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What issues regarding communication did the team encounter
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Identify at least four point of a relevant economic article
: Identify at least four key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8.
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: Critically assess an organization's characteristics that facilitate the innovation process and apply techniques used in the development, evaluation and application of ideas and concepts with commercial potential.
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What the organization wants to become is called
: If McDonald's uses a segmentation strategy for its sandwiches based on characteristics such as age, gender, or income, it is using which group of segmentation variables?
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Did the management make mistake
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Explain some of the best practices that could be adopted
: Describe some of the 'best practices' that could be adopted by a company to enable its employees to assist the company in its quest to thrive in today's competitive marketplace.
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