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Below is an article that describes a microeconomic change. Identify the article source, writer, and date and provide a link to the source or bibliographical
Below is an article that describes a microeconomic change. Identify the article source, writer, and date and provide a link to the source or bibliographical description. You can find other articles for this task to get better and deeper understanding but please provide the source for it.
Article you will be using:- https://www.huffingtonpost.ca/entry/cerb-economic-impact_ca_5f1c6cd1c5b638cfec4573ff
Your report must contain the following:
- Describe the change that the article is written about
- Identify the individuals, groups, or firms impacted by the change
- Provide details about how the change impacted the allocation of a scarce resource or resources and any relationship to market failure
- Describe the individual or business decisions that were made to address and deal with the change
- Describe how the individual or business decisions would be different if this change occurred in another economic system. For instance, if the change occurred in a market economy, describe how the decisions to address the change would be different in a command or traditional economy.
- Describe how you would deal with this change if it impacted you personally
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