Identify at least four 4 key points of a relevant economic

Question

Assignment: The Key Concepts in Economics

Write a three to four (3-4) page paper in which you:

1. Identify at least four (4) key points of a relevant economic article from either the Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8.
2. Apply one (1) of the following economic concepts (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggregate supply) to the key points that you highlighted in Question 1.
3. Explain how the concept that you identified in Question 2 could affect the U.S. economy.
4. In your concluding paragraph, state whether you agree or disagree with the economic article identified in Question 1. Provide a rationale for the response.
5. Use at least three (3) quality resources in this assignment with one (1) being your article.

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format.
• Include a cover page containing the title of the assignment. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

• Analyze the dynamics of supply and demand to anticipate market equilibrium.
• Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies.
• Describe the impact of various forms of competition on business operations with emphasis on perfect competition.
• Use technology and information resources to research issues in principles of economics.

Answer 1

By using the key concepts of Economics, write a 3 to 4 word document, typed, single spaced and obeying APA guidelines page in which you have to address the following questions: Q1. Recognize at least 4 main points of a relevant economic article from either the library or a newspaper. The article should cope with any course concepts. Q2. Apply one of the given economic concepts (that is, supply, demand, market structures, costs of production, elasticity, GDP, inflation, Unemployment, aggregate demand and aggregate supply) to the main points that you emphasized in Q1. Q3. Describe how the concept that you recognized in Q2 could influence the U.S. economy. Q4. In your final paragraph, state whether you agree or disagree by the economic article recognized in Q1. Give a rationale for the response. The assignment must follow: a) The cover and reference page are not incorporated in the requisite page length. b) Include at least 3 to 4 academic resources.