Imagine That You Had an Opportunity to Design a Virtual

question 20

Essay

Imagine that you had an opportunity to design a virtual simulation, digital textbook, intelligent tutoring system, or digital collaborative learning activity to help students learn a particular concept in the grade level/content area that you would like to teach. Describe what you would design, making sure to explain how it would enhance student learning.

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Definitions:

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing companies to adjust to market changes fully.

Price Floor

A government-imposed minimum price charged on goods and services, aimed at preventing prices from going too low.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers.

Non Binding Price Floor

A non binding price floor is set below the market equilibrium price, having no effect on the market because it does not restrict supply or demand.