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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Homework Week 1

Homework Week 1

Q Homework- Week 1-ECON 365 Many of these concepts may be new to you as students. The homework will mostly be definitions or short answer to help you understand the topics. Define the following terms: Praxeology Pedantic Polemic Explain how inequality and inequity is not logically the same thing. Explain briefly how the same concept of supply and demand for products works in the concept of labor.

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Many of these concepts may be new to you as students. The homework will mostly be definitions or short answer to help you understand the topics. Define the following terms: Praxeology: the study of human action and conduct - Merriam Webster definition Pedantic: The definition of pedantic is someone who is very concerned with the details of a subject and tends to overly show off their knowledge. - Merriam Webster definition Polemic: an aggressive attack on or refutation of the opinions or principles of another. -Merriam Webster definition