Illustrate what are your preconceptions of economics

Reference no: EM1326114

Economics question

1.a) Does the following graph, show an increase in supply or an increase in quantity supplied? What factor(s) might cause this change? Please see attachment above title "DQ1 A.gif"

b) Does the following graph, show an increase in supply or an increase in quantity supplied? What factor(s) might cause this change? Please see attachment above title "DQ1 B.gif"

c) Provide a real-world example of the scenario depicted in question "b." Be sure you identify a specific cause for the change. Please note: Your example does not need to include specific prices and quantities, such as those shown in the above graph.

2. a) Does the following graph, show a decrease in demand or a decrease in quantity demanded? What factor(s) might cause this change? Please see attachment above title "DQ2 A.gif"

b)Does the following graph, show a decrease in demand or a decrease in quantity demanded? What factor(s) might cause this change? Please see attachment above title "DQ2 B. gif"

3. Explain the economizing problem and the models used in economics.

4. Analyze the role of U.S. in a global economy.

5. What are your preconceptions of economics? Do you think economics will be a relatively difficult course? Why or why not?

Reference no: EM1326114

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