Changes

For myself competition is very important. I am always striving to do my best, whether through sports or school. Competition gives me the motivation to work hard in order to succeed and do the best I can do.  

For myself competition is very important. I am always striving to do my best, whether through sports or school. Competition gives me the motivation to work hard in order to succeed and do the best I can do.  

3. I don’t completely understand the concept of the short run and long run.

3.Short run is when fixed costs appear and the option of exiting the market is not aviable, long run is when there are no fixed costs and there is the option of exiting the market.

4. Do you think the converse of Gresham's Law is true with respect to speech and conversation, such that good speech or conversation (such as discussing the Bible) drives out bad? Explain.

4. Do you think the converse of Gresham's Law is true with respect to speech and conversation, such that good speech or conversation (such as discussing the Bible) drives out bad? Explain.