Assignment:
Answet the following:
1-the nature of economics
2-scarcity and the world of trade-offs
3-supply and demand
4demand and supply elasticity
5-consumer behavior
6-rents, profits and the financial environment of business
7-the firm : cost and output determination
8-perfect competition
9-monopoly
10-the labor market: demand , supply, and outsourcing
11-income, poverty and health care
12-environmental economics
13-comperative advantage and the open economy
14-exchange rates and the balance of payments