1- Read the articleBring It Home- Decisions in the Social Media Age. How has social media affected businesses and households? Share your thoughts(four or more sentences) to receive credit.(Question 5pts. and answer- 10points)

2-What is scarcity? What are some of the scarce products the economy is experiencing because of COVID 19? Share your thoughts(four or more sentences) to receive credit.(Question 5pts. and answer- 10points)

3-What are three reasons to study economics? Explain why. Share your thoughts(four or more sentences) to receive credit.( Question 5 pts. and answer -10 pts.)

4-What are the three ways that societies can organize themselves economically? Share your thoughts(four or more sentences) to receive credit.(Question 5 pts. and answer- 10 pts.)

5-Why would division of labor without trade not work?Share your thoughts (four or more sentences) to receive credit.(Question 5pts. and answer- 10 points).

6- What is globalization? How do you think it might have affected the economy over the [ast decade, especially during COVID? Share your thoughts (four or more sentences) to receive credit.(Question 5pts. and answer- 10points)

Chapter 2

1-Read the article Bring it Home- Choices ... To What Degree? Why people make the choices they make and how economists go about explaining those choices. Share your thoughts(four or more sentences) to receive credit.Question - 5 pts. and answer- 10 pts.)

2-Explain why scarcity leads to tradeoffs. Has our economy led to a certain scarcity(product) during the COVID-19? List five items that were considered scarcity. Share your thoughts(four or more sentences) to receive credit.(Question - 5 pts. and answer- 10 pts.)

3-Define the term "sunk cost" and illustrate with an example in a (paragraph) to receive full credit. Also, has businesses experienced sunk cost during this COVID-19? Share your thoughts(four or more sentences) to receive credit.(Question 5 pts. and answer- 10 pts)

4-Explain why individuals make choices directly on the budget constraint, rather than inside the budget constraint or outside it.Share your thoughts (four or more sentences) to receive credit. (Question 5 pts. and answer- 10 pts).

5-Explain the price controls, price ceilings, and price floorings.Does a price ceiling change the equilibrium price? Share your thoughts(four or more sentences) to receive credit.Question - 5 pts. and answer- 10 pts.)

6-What is producer surplus, total surplus, and deadweight loss?