Instructions:

Collect articles or news events, and for each one explain how it is possible to see economics forces at work in story. I am not looking for academic articles that explain economics. I am looking for academic articles that do not even mention economics, but you can recognize economics in the article because of what you have learned in microeconomics course see given picture what we have learned below. These articles must be published after 5th January 2021.

Source of articles: The Gulf news, The Nationals, magazine and internet from other countries, scan internet.

At least must explain in own words the 5 concepts. the list of concepts is given in picture form below check it.

Must provide URL LINK to chosen article or website to article.

provide references of writer of that article.

learn.zu.ac.ae 92.. Student Acces... what size is bre... (1) WhatsApp ) Abu Dhabi Poll. Watch Sherlock.. Instructor's Tea. List of concepts that you can find articles to explain: 1) Principle 1: People face tradeoffs 2) Principle 2: Opportunity Cost: The cost of something is what you give up to get it 3) Principle 3: Rational people think at the margin 4) Principle 4: People respond to incentives 5) Principle 5: Trade (or Specialization) can make everyone better off 6) Principle 6: Markets are usually a good way to organize economic activity 7) Principle 7: Governments can sometimes improve market outcomes 8) The production possibilities frontier 9) Absolute advantage 10) Comparative advantage 11) Demand curve: a change in the price of the good itself 12) Demand curve: a change in income: normal good 13) Demand curve: a change in income: inferior good 14) Demand curve: a change in the prices of related goods: substitutes 15) Demand curve: a change in the price of related goods: complements 16) Demand curve: a change in the number of buyers 17) Demand curve: a change in tastes and preferences 18) Demand curve: a change in buyers' expectations 19) Supply curve: a change in the price of the good itself 20) Supply curve: a change in input prices 21) Supply curve: a change in technology 22) Supply curve: a change in sellers' expectations 23) Supply curve: a change in the number of sellers 24) A market equilibrium 25) A market surplus 26) A market shortage 27) The price elasticity of demand 28) The price elasticity of supply 29) The income elasticity of demand 30) The cross-price elasticity of demand 31) A price ceiling 32) A price floor 33) A tax on buyers and/or sellers 34) Consumer surplus 35) Producer surplus 36) The benevolent social planner and total surplus 37) Efficiency-allocating resources to maximize total surplus 38) Equality-allocating resources uniformly 39) Market failure 40) An externality (either positive or negative) and the attempt to resolve it 41) Chapter 13 Table 3: Two of the many types of costs 42) Profit maximization in a competitive firm 43) Sunk cost 44) Monopoly 45) Price discrimination 46) Oligopoly DIT DD 20 F6 E7 FR F3 F5 $ o & # 9 O 3 4 5 O 6 7 V 8 A Y O E T O R U m