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Characteristic Of A Capitalist Economy Essay Assignment
(TCO1) which of the following is considered to be an entrepreneur?
a. Self-employed person
b. MBA graduate hired by a firm to be its CEO
c. Production-line worker
d. Customer of a firm
3. (TCO1) A point outside the production possibilities curve is
a. attainable and the economy is efficient.
b. attainable, but the economy is inefficient.
c. unattainable, but the economy is inefficient.
d. unattainable and the economy is efficient.
4. (TCO1) Which would not be a characteristic of a capitalist economy?
a. Government ownership of most factors of production
b. Competition and unrestricted markets
c. Reliance on the market system
d. Freedom of enterprise and choice
5. (TCO2) The demand curve is a representation of the relationship between the quantity of a product demand and
a. supply
b. wealth
c. price
d. income
6. (TCO2) A decrease in supply and a decrease in demand will
a. increase price and affect the equilibrium quantity in an indeterminate way
b. decrease the equilibrium quantity and decrease price
c. increase the equilibrium quantity and affect price in an indeterminate way
d. decrease the equilibrium quantity and affect price in an indeterminate way
7. (TCO 2) When the price of movie tickets in a certain town was reduced, the movie theaters’ revenue did not change. This suggests that the demand for the movie tickets in that town has a price-elasticity coefficient of
a. 1.0
b. greater than 1
c. 0.5
d. zero
8. (TCO 2) The price of elasticity of demand increases with the length of the period considered because
a. consumers’ incomes will increase over time
b. the demand curve will shift outward as time passes
c. all prices will increase over time
d. consumers will be better able to find substitutes
9. (TCO 2) A purely competitive firm’s output is such that its marginal cost is $4 and marginal revenue is $5.
a. cut its price and raise its output
b. raise its price and cut output
c. leave price unchanged and raise output
d. leave price unchanged and cut output
Characteristic Of A Capitalist Economy Essay Assignment
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Characteristic Of A Capitalist Economy Essay Assignment |
Characteristic Of A Capitalist Economy Essay Assignment