Summarize the 2 current events in todays news pertaining to one of the topics covered in the chapters. The 2 current events must be typed, double spaced, spell checked, with a reference(economic related news article found online no more than a week old) for the source of the information. It must be at least 2 pages (1 page per current event) and discuss at least 2 current events that are no more than a week old. You must summarize the current events and explain what economic concept it pertains to and why? Reference the sources of your information in the document. You need to write at least one page per event. One topic per event.
Current Event 1: https://www.coindesk.com/weak-demand-bitcoins-price-rebound-may-be-starting-to-fade/
Current Event 2: https://www.ohio.com/akron/business/wine-industry-grows-like-a-vine-in-ohio-economic-impact-now-estimated-at-1-3-billion
Economics Topics/Concepts covered in the chapters:
Scarcity
Opportunity Cost, trade-offs, and choices
The Economic a Nation's People Face
Economic Growth
Comparative Advantage, and Trade
Demand
Supply
Shifts in Supply
Putting Demand and Supply Together
Economic Efficiency
Cost of producton
Price Ceilings/Floor
The Price System and Market