DWU #1 Explain marginal analysis

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Presentation transcript:

DWU #1 Explain marginal analysis DWU #1 Explain marginal analysis. Explain how you used marginal analysis while buying a good or service. Use costs and benefits in your answer.

DWU #2 What are the four factors of production? Why are they important? Explain each one in detail. How does it relate to the PPC curve?

DWU#3 For each economic system, explain who owns the factors of production (human, natural, capital resources)? Capitalism – Communism – Socialism – Explain each system using examples.

DWU #4 Should the government provide its’ citizens with a free education? Should the government give you free food? Free house? Free college? What should the government provide for its’ citizens? Explain.