In this module's discussion, you must find a news article containing material that is relevant to microeconomics, clearly link your article to material from the textbook, then compose a thread discussing the topic per the instructions below. Acceptable research sources for your articles include newspapers, news web pages, and magazines. Sources such as Wikipedia, About.com, book reviews, and blogs are prohibited. You may complete the required research using theJerry Falwell Librarywebsite or by searching the internet for news sources.

• In the opening paragraph, provide a summary of the article.
• In the second paragraph, explain an economic idea contained in the story. Specifically, refer to material from the textbook, including the page number, and note how the economic idea plays a prominent role in the story.
• In the third paragraph, explain what you think about the events in the story. You do not have to agree with what is going on, but you do need to provide your reaction to it. This is your chance to express yourself: what are your opinions? Be sure to defend your position.
• Finally, what do you think is a Christian response to this situation? Provide details to support your view (in other words, do not just say "Christians wouldn't act the same way as economists").
• Be sure to title your thread according to your topic.

APA

format

reference

page

300

words

Chrome File Edit View History Bookmarks Profiles Tab Window Help MO ? Q g Sat Apr 30 12:22 PM Lu Course Modules X Share Your Feec X h Hulu | Home X Lu Read: Mateer & x Principles of Mic X Course Hero X Homework Help X G screenshot on n C ncia.wwnorton.com/176949?chapter=10 Update Lu college canvas Bb Blackboard highschool canvas Netflix h Hulu course hero M Gmail a Amazon Doctor Gajendra Singh wanted to make MRIs more affordable, but North Carolina wouldn't let him-so he took the state to court. Singh's lawyers argued that the certification requirement for MRI service providers interfered with his right, under the North Carolina constitution, to equal protection of the right to earn a living. Unfortunately, the coronavirus pandemic led Dr. Singh to close his practice. The legal battle continues without him. page 313 Monopolists Don't Always Make a Profit. In this chapter, we explore another market structure: monopoly. Many people mistakenly believe that monopolists always make a profit. This is not true. Monopolists enjoy market power for their specific product, but they cannot force consumers to purchase what they are selling. By the law of demand, when a monopolist charges more, people buy less. If demand is low enough, a monopolist may even experience a loss instead of a profit. - Hidden Blessings in Monopolies V HIDE The term "monopoly" may give visions of inefficient operations and high prices due to a lack of competition for goods and/or services. However, the biblical account of Joseph's interpretation of Pharaoh's dream concerning the food supply in ancient Egypt provides an excellent illustration of a monopolistic operation that APR 20 30 AaChrome File Edit View History Bookmarks Profiles Tab Window Help MO ? Q Sat Apr 30 12:23 PM Lu Course Modules X Share Your Feec X h Hulu | Home X Lu Read: Mateer & x Principles of Mic X Course Hero X Homework Help X G screenshot on n C ncia.wwnorton.com/176949?chapter=10 Update Lu college canvas Bb Blackboard highschool canvas Netflix h Hulu *course hero M Gmail a Amazon high prices due to a lack of competition for goods and/or services. However, the biblical account of Joseph's interpretation of Pharaoh's dream concerning the food supply in ancient Egypt provides an excellent illustration of a monopolistic operation that was used for noble purposes. Joseph, with God's interceding, interpreted Pharaoh's troubling dream with a precise projection of seven years of abundance followed by seven years of severe famine throughout the land of Egypt (Gen 41:15-32). Genesis 41:53-57 (ESV) reads: The seven years of plenty that occurred in the land of Egypt came to an end, and the seven years of famine began to come, as Joseph had said. There was famine in all lands, but in all the land of Egypt there was bread. When all the land of Egypt was famished, the people cried to Pharaoh for bread. Pharaoh said to all the Egyptians, "Go to Joseph. What he says to you, do." So when the famine had spread over all the land, Joseph opened all the storehouses and sold to the Egyptians, for the famine was severe in the land of Egypt. Moreover, all the earth came to Egypt to Joseph to buy grain, because the famine was severe over all the earth. Pharaoh appointed Joseph governor of the land of Egypt with mostly unfettered power to manage it as he saw fit. Yet, Joseph did not lord it over the people. Rather, he devotedly coordinated the production of the land during the years of plenty to prepare for the desolate years to come. Genesis 41:49 reads, "And Joseph stored up grain in great abundance, like the sand of the sea, until he ceased to measure it, for it could not be measured." (ESV) Thus, the Lord used Joseph's monopolistic operation to bring blessing to the people of Egypt and even to those from other lands, including APR 20 30 OW Aa chrome File Edit View History Bookmarks Profiles Tab Window Help ? Q 8 o SatAprSO 12:23PM .CourseModu x * ShareYourFE x r. HululHome x .Read:Maleel x Principlesofl x CourseHero x * HomeworkH~ >