For your Competency Discussion, respond to the following prompts within the Discussion area to engage with our faculty and prepare to begin the Competency.
What factors influenced your decision to devote your time and money to obtain a Walden University degree? Describe your decision-making process.
As an individual consumer, do you think what you purchase could have a national impact? Explain your opinion and provide 1 or 2 examples.
You must start a thread before you can read and reply to other threads.
FROM THE INSTRUCTOR regarding my initial discussion response.
Hello Porcha.
Your work has substantive room for improvement. This exercise is a preparation for your final project.
A piece of crucial advice in this and subsequent assignments: you must rely on the theory, you must show your knowledge of the theory, addressing topics such as scarcity, types of resources, tradeoffs, utility curves, budget restrictions, opportunity costs, incentives, marginal analysis, incentives, absolute and comparative advantage, and their impact on trade on countries, and gains from trade, supply-demand, equilibrium, Adam Smith’s invisible hand).
For your Competency Discussion, you had to respond to the following prompts within the Discussion area to engage with your faculty and prepare to begin the Competency.
What factors influenced your decision to devote your time and money to obtain a Walden University degree? Describe your decision-making process.
In this question, you must address topics such as opportunity cost, benefits of trade, competitive advantage, and specialization.
As an individual consumer, do you think what you purchase could have a national impact? Explain your opinion and provide 1 or 2 examples.
In this question, you must address topics such as demand, supply, equilibrium, price, revenues, and profits.
Dr. Stegmann