Competitive Colleges vs. Less Competitive Colleges. If you are not applying to extremely competitive colleges, a higher test score can probably do more to offset a weaker GPA. However, scoring well on tests doesnât mean you can completely forget about academics; your grades still need to be within or close to the average range for admitted students.
Principles of Microeconomics. Microeconomics is a branch of economics that studies of the behavior of households and firms, as well the supply and demand relationships between producers and consumers. The basic principles of microeconomics are The Nature and Functions of Product Markets, Factor Markets, and Market Failure and the Role of Government.
Laissez-Faire Economics Defined. Laissez-Faire economics is an economic theory and practice. It suggests that economic systems should operate with minimal government interference. Under this system, private businesses are allowed to act and operate as dictated by market forces. Some of the generally accepted principles of laissez-faire economics are: