ECON ESSAY

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February 19th, 2023

The assignment is to write a 1200-1500 word essay applying two economic concepts from the list below to an online news article. Convince us you have attended and read all applicable material. Clearly identify which 2 concepts you are analyzing, and also include a link to the article you are responding to.Economic Concepts (Choose two):Good Institutions Align Self-Interest with the Social InterestTrade-offsThinking on the MarginThe power of tradeThe importance of institutionsOpportunity CostComparative AdvantageSpecializationSupply & DemandComplementary GoodsSubstitute GoodsSurplus & ShortagesPrice ceiling/floorFree riderEconomies of scaleTypes of unemployment (frictional, structural, cyclical)Protectionism vs. free tradeTariffs and quotasRational ignorance

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