Learning Goal: I’m working on a micro economics discussion question and need a reference to help me learn.
Upon successful completion of this module, the student will be able to:
• Identify Principle of Opportunity Cost
• Discuss Marginal Principle
• Understand Principle of Diminishing Returns
• Differentiate Real and Nominal Principle
3.2 Action Required:
Read the following to prepare for this week:
• Chapter 2: The Key Principles of Economics
Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below:
3.3 Test your Knowledge (Question):
Q1 What is production possibilities curve? Discuss when a production possibilities curve may shift?
• Answer the question in test your knowledge section.
• Post your answer in the discussion board using the discussion link below (Week3: Interactive learning Discussion)
Adhere to the conditions contained in the file
don’t forget the references