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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.
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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?
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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.
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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.
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