Assignment
Answer the following questions:
- What determines whether or not a resource is scarce? Why is the concept of scarcity important to the definition of economics?
- Why do economists pay more attention to national economies (for example the U.S. or Canadian economies) than the state or provincial economies (such as California or Ontario)?
- Why doesn't the National Bureau of Econonomic Research identify the turning points in economic activity until months or even a year after they occur?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.