What Are the Questions You Should Consider in Order to Analyze

question 3

Essay

What are the questions you should consider in order to analyze your audience before a presentation?

Recognize factors contributing to economic recessions and expansions in U.S. history.

Identify the impacts of technological progress on the U.S. economy.

Comprehend the role of government policies and reforms in shaping the economic landscape.

Understand the significance of major wars and their economic impacts on the U.S.

---

Definitions:

Producer Surplus

The difference between what producers are willing and able to supply a good for and the actual price they receive, measuring the benefit to producers from market transactions.

Deadweight Loss

The decline in economic productivity due to the failure to achieve or the impossibility of achieving equilibrium for a specific good or service.

Profit per Unit

The financial gain obtained on each unit sold, calculated by subtracting the cost per unit from the selling price per unit.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing to purchase at various prices.