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$3.00 economic question help

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Week one dq#1

The principles of economics influence your decision-making, interaction with others, and the economy as a whole. Give one example of how you are personally affected by each of the three areas. Are you affected positively or negatively? Explain your reasoning. How do budget constraints and personal preferences affect your choices as a consumer?

week 1 dq#2
Discuss similarities and differences in the roles economists play as policy advisors and as scientists. How would advice offered to policymakers differ depending on which role an economist assumes?

 


   
   
   
   
 
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$3.00 Week 1 DQ 1

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Preview: ... reduce my consumption of apples or else I will postpone my consumption of apples. So price of goods & services influences the decision making to a greater extent.<br>The above effects were positive because my desire to purchase a particular product will ...

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$3.00 Week 1 DQ 2

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Preview: ... policy advisors and as scientists are that in both capacities the economist looks at the trends of the consumer and the affect on the economy. The differences between the two are that as a policy advisor the recommendati ...

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$3.00 DQ's for week 1 & 3, received an A

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Preview: ... nd the economy as a whole. Give one example of how you are personally affected by each of the three areas. Are you affected positively or negatively? Explain your reasoning. How do budget constraints and personal preferences affect your choices as a consumer?<br><br>Since reading the basic principles of economics, it has somewhat altered my decision making. I did not realize that time management was considered taking time from another thing. For example, when I study I usually divide my time evenly between the two classes I have every nine weeks. I would not consider this taking any more time away from any one class. I now realize that I have been doing this all along though. I do not think of things like marginal changes either. I eat until I am not hungry any longer, and I do not get totally full. This helps me in my weight. I did not realize that economic principles were involved all of this. I did realize however that we are all in some kind of competition with someone else. We are always trying to look the best, do the best, or be the best in general. This is human nature to be competitive. I am competitive when it comes to my school w ...

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$1.00 ECO205 Week 1 DQ1

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Preview: ... action with others is like principle #5 in the text. Principle #5 states that trade can make everyone better off. I believe that when people want something they must give something in return to get it, whether it is money or services. Currently, my husband and I are having work done in our basement to get one of the rooms fi ...

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$3.00 week 1 dq#2

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Preview: ... a good thing or a bad thing. Only that it is a thing.<br><br>In the policy advisor role, economists are freer to interpret results for politicians and the public. They make normative statements which express a judgment about whether a situation is desirable or undesirable. An example of this would be "The US should pursue policy A."<br><br>There are two ...

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$3.00 Week one dq#1

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Preview: ... ow do budget constraints and personal preferences affect your choices as a consumer?<br><br>Studying the basic principles of economics has altered my decision making in some sense. I'll think of opportunity cost, etc. when it comes to buying things, but when it comes to my time, I don't really think about that so much. I find that having my life follow rational principles of economics takes all the spontaneity out of it, and it just isn't fun; how ...

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Preview: ... out how the world ought to be.<br><br>Economists playing the role of scientist use positive statements to explain the world and make a claim of how the world is. Economists playing the role of policy advisor use normative statements to try and help the world and make a claim of how the world ought to be. Positive statements of the scientists view can be confirmed or refuted by examining evidence and analyzing data to judge its validity. A policy maker's normative statements can be evaluated using values, such as ethics, religion, and political philosophy, as well as facts. The similarities between economic scientists and economic policy makers is that both views use facts, studies, charts, and history to explain how the economy works and how to improve it. The advice offered to a policy maker would differ depending on which role an economist assumed by the validity of the facts and the values involved in the situation.<br><br>One example of how I am affected by decision making is my decision to change jobs to use the skills I have acquired through my education or stick with my current job for another year to get the raise I am projected to get. I work in a grocery store that has seen increased prices and lower sales resulting in less hours available to work. I do have a secure position but not much advancement in the long run, it is just a job. If I decide to change jobs to seek a career, I would lose some security but I would be available to increase my future income and be working towards being more productive. I think this affects me positively because I have options.<br><br>Currently I think the interactions with others affects me negatively because when the gas prices go up the shipping costs go up and then the products, such as groceries, cost goes up. This intera ...

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$30.00 ALL ASSIGNMENTS, DISCUSSION QUESTIONS AND FINAL ECO205

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Preview: ... IGNMENTS, ...

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$38.00 ECO 205 UPDATED*** Complete Class / Every Assignment Included/ Grade A & Great Quality!!! My rating SAYS it all!

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Preview: ... *** Complete Class / E ...

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$0.79 ECO/205 WK 1 DQ 1

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Preview: ... re you affected positively or negatively? Explain your reasoning. How ...

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$5.00 ECO 205 week 1 DQ 1 & 2

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Preview: ... mpare it with their theories to determine the soundness of their theories. As economists examine the effects between theories and observations, they are acting as scientists. Economists often make assumptions based on information and data collected during similar instances in the past; scientists often make assumptions based on previously recorded data. Economists act as scientists when using models for learning purposes. Economists’ models used for study are typically diagrams and equations that are based on assumptions.<br><br>There are many similarities and dissimilarities in the roles economists play as scientists and policy advisors. The text explains the differences between these roles s ...

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