ECN
ECN220_Dowell_Week1_Assignment.docx

You may do this quite briefly simply list the letters

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would be studied as a part of macroeconomics. You may do this quite briefly. Simply list the letters A thru J - and write "micro" or "macro" next to each one. a – Costco -Micro b – The Bahamas -Macro c – International trade -Macro d – GDP (Gross Domestic Product) -Macro e – Danielle's Plumbing and Heating -Micro f – Debra's Chicken Wings and Soda Fountain -Micro g – Inflation -Macro h – The Red Cross -Micro i – The City of Toledo, Ohio -Macro j – The effects of changes in tax policy -Macro 4) Please study this table of monthly production possibilities for Mike, an economics professor at TCIU - Totally Cool Interstate University, and part-time wedding planner. A B C D E F # of econ classes/month 5 4 3 2 1 0 # of weddings/month 0 2 4 6 8 1 0 What would it cost Mike to move...? from C to F: $1.09 from D to B: $2.45 from E to A: $0.125
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ECONOMIC PRINCIPLES 4 from B to D: $3.08 References Chandra, R. (2004). Adam smith, Allyn Young, and the Division of Labor. Journal of Economic Issues, 38 (3), 787-805. Retrieved from ? accountid=41759 Investopedia. (2018). Scarcity. Retrieved from Principles of Economics. (2014). OpenStax College. Creative Commons Attribution. ISBN-10 1938168232 ISBN-13 978-1-938168-23-9 Mani, A., Mullainathan, S., Shafir, E., & Zhao, J. (2013, August 30). Poverty Impedes Cognitive Function. Science, 341(6149) , 976-980. doi:10.1126/science.1238041
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