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1. Society has unlimited wants and limited resources (scarcity). 2. Due to scarcity, choices must be made. Every choice has a cost (a trade-off).3. Everyone's goal is to make choices that maximize their satisfaction. Everyone acts in their own "self-interest."4. Everyone makes decisions...
学生可按自己的节奏,在一年内完成学习 单课学习包括Warm Up、Instruction、Summary、Assignment、Quiz五大环节 与在美国课堂上课的体验全真接近 Warm Up:通常为抛出一个新的话题,复习下之前的相关知识点,或者介绍本课学习目标 Instruction:与练习结合的视频内容讲解。整个讲解部分为多个知识点片段 老师每讲完一个知识点,...
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Quiz Course 42K views Unit Elastic Graph The unit elastic graph shows the different ways the unit elastic supply curve and unit elastic demand curve relate to each other. Notice how each line acts opposite based on the change in price. When the price rises, the demand lowers, but the su...
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Quiz Course 170K views Money as a Unit of Account What makes money a unit of account is that it fulfills the three conditions of being divisible, fungible, and countable or measurable. Essentially, this means that money is convenient. For example, an individual that has oranges to ...
Unit1–TheFoundationofEconomicsReviewfortheQuizAdamSmithtalkedaboutthe“invisiblehandofthemarketplace”,meaning?AdamSmithtalkedaboutthe“invisiblehandofthemarketplace”,meaning?Theideathatself-interestandcompetitionworktogethertoregulatethemarketplace.WhatisEconomics?WhatisEconomics?Thestudyofhowwesatisfyourunlimited...
Quiz Course 170K views Money as a Unit of Account What makes money a unit of account is that it fulfills the three conditions of being divisible, fungible, and countable or measurable. Essentially, this means that money is convenient. For example, an individual that has oranges to sell ...
My mum suggested I go to a university nearby and continue to live at home, but none of18universities close to my home town offer economics. Then my friend suggested I find out more about e-learning. I soon learnt that I could get a good degree19leaving home. I applied to the Universit...