Watch the following film by John Stossel of ABC News (2006)

https://fod-infobase-com.mvc.idm.oclc.org/p_ViewVideo.aspx?xtid=50224&tScript=0

• Identify concepts from the course:
  • opportunity cost
  • supply & demand
  • circular flow
  • scarcity
  • production possibilities
  • rational choice
  • etc
• Define the terms using textbook sources

Explain how the video either explicitly or implicitly discusses and uses these concepts

• give your definition from the textbook, interpret, and use the film as an example
• you can spend a lot of analysis on certain terms, or use all the terms