500 words writing assignment . due in 4 hours

  

Writing Assignment #2: Economics in the Media “Price Gouging—Stossel in the Classroom,” YouTube, uploaded December 21, 2009 (John Stossel was on the ABC at that time.)

You are to watch an ABC news clip about price gauging. This video focusing on price gouging after Hurricane Katrina, a Mississippi law against price gouging is in stark contrast with prominent economists arguing that price gouging is good. 

https://youtu.be/R6ojYtKazgQ

 (链接到外部网站。)

链接到外部网站。

Price Gouging -- Stossel In The Classroom

0:52 / 4:29

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After natural disasters, some businesses raise prices. Some people buy several generators, and then drive hundreds of miles and sell those generators for twice the price. Is that evil in your opinion? Please provide your opinion by writing up your response and upload on to Canvas. Keep in mind that we are learning on how to use positive economics to analyze an economic problem. Make sure that your answers use economic concepts learned so far to support your opinion.

Note: Economics in the Media: John Stossel (John Frank Stossel is an American consumer television personality, author, and libertarian pundit. In October 2009, Stossel left his long-time employment at ABC News to join the Fox Business Channel and Fox News Channel)