Complete assignment in word file and APA formatYour task is to complete all assigned questions to the best of your ability. Best of luck!Define opportunity costs?Identify at least two non-monetary and monetary opportunity costs you forgo to attend classes online?What is a Production Possibilities Curve (Frontier)?How do you determine, which points are efficiency points on the Production Possibilities Curve (Frontier)?Identify at least three points on the Production Possibilities Curve (Frontier) that are efficient points?From the graph given below, Point W represents a(n) ______________________point.Point X on the graph given below represents a(n) ________________________point.CarsPlanes1,0000900270055007300920010011What are three ways in which the Production Possibilities Curve (Frontier) may shift to the right?Explain why countries engage in trade?Identify and discuss trade restrictions as they pertain to the United States? Identify at least three reasons why the United States imposes trade restrictions on importing countries.Grading Rubric:Your project will be graded using the rubric below:FFCBA01234Did Not SubmitNo PassCompetenceProficiencyMastery Failure to adequately state the production possibility curve. Failure to adequately state absolute and comparative advantage.Able to state what the production possibility curve is able to state absolute and comparative advantageAble to state what the production possibility curve is able to state absolute and comparative advantage. Also, able to give examples of inefficient position production to the fullest potential and unobtainable positionsAble to state and articulate what the production possibility curve is able to state absolute and comparative advantage. Also, able to give examples and articulate inefficient position production to the fullest potential and unobtainable positions. Able to articulate and give examples of absolute and comparative advantage.

The Measure of Economic Health[WLOs: 1, 2, 3] [CLOs: 2, 4]Gross domestic product (GDP) is defined as the value of final goods and services that are produced in a country’s territories within a certain time period, usually a year.In your paper,Assess GDP’s importance.Examine the shortcomings of GDP in measuring a country’s economic health?Discuss using GDP to evaluate the business cycle.Examine factors that may affect the business cycle.Evaluate the health of the current U.S. economy by its GDP, business cycle, and economic growth.The Measure of Economic Health paperMust be three to four double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center’s APA Style resourceLinks to an external site..Must include a separate title page with the following:Title of paperStudent’s nameCourse name and numberInstructor’s nameDate submittedFor further assistance with the formatting and the title page, refer to APA Formatting for Word 2013Links to an external site..Must utilize academic voice. See the Academic VoiceLinks to an external site. resource for additional guidance.Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.For assistance on writing Introductions & ConclusionsLinks to an external site. as well as Writing a Thesis StatementLinks to an external site., refer to the Ashford Writing Center resources.Must use at least three scholarly, peer-reviewed, and/or other credible sources in addition to the course text.The Scholarly, Peer-Reviewed, and Other Credible SourcesLinks to an external site. table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper guide.Links to an external site.Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References ListLinks to an external site. resource in the Ashford Writing Center for specifications.