Question
The assignment should be: 1. What is the article about by highlighting the main points? 2. Please identify four (4) microeconomic concepts and analyse it
The assignment should be:
1. What is the article about by highlighting the main points?
2. Please identify four (4) microeconomic concepts and analyse it to what was addressed by the article. How are each of these concepts related to any topics covered in the course thus far? Please explain in detail this relationship and use examples where necessary. Topics that should be included in the articles are demand and supply, price elasticity of demand factor of production, scarcity opportunity cost.
3. How do you think the events, decisions etc., being discussed in the article have, or will, affect you as an individual?
4. How do you think the events, decisions etc., being discussed in the article have, or will, affect the country as a whole?
5. Do you think the government should intervene to deal with the issues being discussed in the article if so why? What do you think will be the likely outcome if the government intervenes?
6. Identify and explain four (4) measures that you would recommend the government implement to deal with the issue(s) or problem(s) discussed in the article?
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