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QUESTION

Select a news article on an economic topic from the Wall Street Journal, the New York Times or the Economist dated

Select a news article on an economic topic from the Wall Street Journal, the New York Times or the Economist dated

within the previous two months and analyze the issue using the economic concepts and theory learned in this class. Possible concepts include:

taxes, consumer or producer surplus, and welfare

demand, supply, and equilibrium price of a particular product or products

total benefit and cost curves

production function and isocost curves

long-run and short-run costs

indifference curves, indifference curves and budget line

price elasticities of supply and demand, or income elasticity, on a particular product or products

perfect competition and imperfect competition, such as monopolies

TaxesAny government tax unrelated to the interest rate shifts the aggregate demandfunction upward since the when the taxes are low the prices of goods and serviceswill be also lower at the...
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