Economics is a Major Driver of Peoples Behavior Essay
Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Economics is a Major Driver of Peoples Behavior Essay
If economics drives most of our behavior, what role does money/liquidity AKA finance plays in the Economy, hence our behavior?
What role does money play in creating economic value?
Money plays a big role in creating economic value all around the world. Money creates economic value because we give the dollar the power to buy goods. This pattern goes back many hundreds of years which is prevalent in the way Native Americans used seashells as money to buy goods as well as how early settlers used the bartering system to exchange their goods for other items that they wanted.
Money around the world allows people to buy things that they want even in other countries with equivalent currencies. The specific definition of economic value is that it is a measure of the benefit provided by the good or service to an economic agent.
This means that someone weighs the positives and negatives of a job before they commit to it such as someone being offered extra money working a night shift. This person would only commit to the job if they thought the amount of work was doable for the extra amount of money. This example shows that people are willing to do goods and services for specific economic value. Thus money plays a huge role in creating economic value.
Economics is a Major Driver of Peoples Behavior Essay
RUBRIC Economics is a Major Driver of Peoples Behavior Essay |
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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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Economics is a Major Driver of Peoples Behavior Essay |
Economics is a Major Driver of Peoples Behavior Essay