Question 1. What role does economics play in your personal decisions? What role does economics play in your organizational decisions?
Question 2. What are your opportunity costs of getting your degree from UOP online?
Question 3. What can you say about the elasticity of the demand curve that faces the product (or service) produced by your organization? Is it inelastic, elastic, unit elastic? Why? How much does your organization rely on advertising? What do you think will be the impact of an increase in advertising expenditures by your firm on the elasticity of the demand curve that your firm faces? Why?
Question 4. How do economic and political events in other countries affect the U.S. economy? Cite some examples.