Question

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