KAPLAN BU224 UNIT 1 Assignment

BU224 Unit 1 Assignment Template:
Name: –
Course Number: –
Section Number: –
Unit Number: – 1
Date: –

———————————- General Instructions for all Assignments———————————–
1.
Unless specified differently by your course instructor, save this assignment
template to your computer with the following file naming format:
Course
number_section number_LAST_FIRST_ unit number

2. At the top of the template, insert the
appropriate information: Your Name, Course Number, Section Number and Date

3.
Insert your answers below, or in the appropriate space provided for in the
question. Your answers should follow the
APA format with citations to your sources and, at the bottom of your last page,
a list of references. Your answers should also be in Standard English with
correct spelling, punctuation, grammar, and style (double spaced, in Times New
Roman, 12-point, black font). Respond to
questions in a thorough manner, providing specific examples of concepts,
topics, definitions, and other elements asked for in the questions.

4. Provide a list of references at the end of
the last page of your assignment.

5.
Upload the completed assignment to the appropriate dropbox.

6.
Any questions about the assignment, or format questions, should be directed to your
course instructor.

——————————————-
Career Competencies —————————————–

In
this assignment, you will engage in developing the following career
competencies:

Analyzing
Quantitative Data
Analyzing
Qualitative Data
Improving
Global Awareness

——————————————- Assignment ——————————————-

1. Liza needs to buy a textbook for the
next economics class. The price at the college bookstore is $65. One online
site offers it for $55 and another site, for $57. All prices include sales tax.
The accompanying table indicates the typical shipping and handling charges for
the textbook ordered online.

Shipping
method

Delivery
time

Charge

Standard shipping

3–7 days

$3.99

Second-day air

2 business days

$8.98

Next-day air

1 business day

$13.98

a.
What is the opportunity cost of buying online instead of at the bookstore? Note that if you buy the book online, you
must wait to get it.

b.
Show the relevant choices for this student. What determines which of these
options the student will choose?

2.
In August 2007, a sharp downturn in the U.S. housing market reduced the income of
many who worked in the home construction industry. A Wall Street Journal news
article reported that Wal-Mart’s wire-transfer business was likely to suffer
because many construction workers are Hispanics who regularly send part of
their wages back to relatives in their home countries via Wal-Mart. With this
information, use one of the principles of economy-wide interaction to trace a
chain of links that explains how reduced spending for U.S. home purchases is
likely to affect the performance of the Mexican economy.

3. During the Great Depression, food was
left to rot in the fields or fields that had once been actively cultivated were
left fallow. Use one of the principles of economy-wide interaction to explain
how this could have occurred.

——————————————–
References:

Unit _1_
Practice Assignment Grading Rubric

Content

Percent Possible

Points Possible

Full assignment

100%

40

Overall Writing:

20%

8

correct coversheet information at the top of 1st page

5%

2

APA format for answers

3%

1

correct citations

3%

1

standard English no errors

4%

2

At least ONE, or more, references

5%

2

Answers: provides complete information demonstrating
analysis and critical thinking:

80%

32

Individual Questions:

1.a. – Identify the
relevant opportunity costs

20%

8

1. b. – Identify
relevant choices and explain the decision process

30%

12

2. – Explain how a
downturn in the American economy affects the Mexican economy

15%

6

3. – Explain why food rotted
in the field during the Great Depression

15%

6