PRINCIPLES

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PRINCIPLES 1 EXTRA CREDIT

Select a current event from the Wall Street Journal, New York Times or the Economist (no older than 7 days) Select an article that follows one of the following economic concepts: opportunity cost or market failure and write a paper that addresses the following:

Identify the problem

Analyze the problem

Use economic terms used in class (highlight or bold the economic terms)

Describe the proposed solution

Describe the possible unintended consequences if the proposed solution were implemented

Graph the market failure (prepare a slide of the graph)

Graph the proposed solution (prepare a slide of the graph)

Use APA or MLA rules. Paper must be a minimum of 300 words.