Title: Competency Assessment: (CU1 M2) Trade-offs, Comparative Advantage, & the Market System
Course: SkillsCom EC 202 15.0 > Section: Credit Unit 1 Module 2 - Trade-offs, Comparative Advantage, & the Market System

This assessment is your chance to demonstrate your understanding of Module 2. Moreover, this assessment will provide you guidance on what types of questions you will need to answer on your Credit Unit Assessment.

Directions:

Competency Assessment created from Chapter 2: Problems and Applications located in the eText.

*Note: You will NOT be able to use GraphJam for this Competency Assessment. Instead, use one of the other two methods described in Instructions for Graphing (Canvas).

For any calculations, show your formulas and, if needed, explain where the numbers in your calculations come from.