Ashford ECO 203 Week 1 Discussion 1 and 2
Discussion 1
Discuss how your college education could be considered an investment in human capital. What is the opportunity cost of your degree?
Discussion 2
Economics is the study of how society chooses to allocate its scarce productive resources (labor, capital, land, entrepreneurial talent).
In a mixed economy, elements of both central planning and market allocation of resources are used in allocating productive resources.The United States economy is a mixed economy, with a bias towards market allocation of resources.This means most resources are allocated in the private sector by way of markets.
Discuss whether you favor a larger or smaller role of government in the economy.Refer to concepts found in the reading to support your opinion.
Discussion 1
Discuss how your college education could be considered an investment in human capital. What is the opportunity cost of your degree?
Discussion 2
Economics is the study of how society chooses to allocate its scarce productive resources (labor, capital, land, entrepreneurial talent).
In a mixed economy, elements of both central planning and market allocation of resources are used in allocating productive resources.The United States economy is a mixed economy, with a bias towards market allocation of resources.This means most resources are allocated in the private sector by way of markets.
Discuss whether you favor a larger or smaller role of government in the economy.Refer to concepts found in the reading to support your opinion.
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