Answer & Explanation:Preparing for the Week 8 Assignment:Principles of EconomicsECO 100- Week 8
Assignment:Principles of EconomicsDue Week 8Write a two to three (3-4) page paper in which you:Identify at least four (4) key points of a relevant economic
article from either the Strayer Library or a newspaper. The article must deal
with any course concepts covered in Weeks 1-8.Apply one (1) of the following economic concepts (supply,
demand, market structures, elasticity, costs of production, GDP, Unemployment,
inflation, aggregate demand, and aggregate supply) to the key points that you
highlighted in Question 1.Explain how the concept that you identified in Question 2
could affect the U.S. economy.In your concluding paragraph, state whether you agree or
disagree with the economic article identified in Question 1. Provide a
rationale for the response.Use at least three (3) quality resources in this assignment
with one (1) being your article.Tips for Completing Assignment 1 SuccessfullyAlways include a title page. The title page should include
your name, course name, date, and professorΒs name. Apply APA formatting rules for the body of the text,
citations, and references. (http://www.perrla.com/FreeTrial.aspx).There are also APA resources posted in Week
8for reference.Organize your paper intothe five parts that align with the grading rubric. See grading rubric
below file: Week 8 Assignment Grading
Rubric.pngSubmit original work. Your paper will automatically be
scanned by Safe Assign Β which is Anti-Plagiarism software embedded in
Blackboard.Stay focused on the topic and do not include extraneous
information.Be creative and concise.Use quality references.Part 1Identify the title and author of the article youΒve selected
for this paper. Remember to also list this article as a reference. Write a brief statement about the issue you will be
discussing and why the article you selected is related to this issue. Identify at least four (4) key economic points in the
article (or articles) you selected from the Strayer Library or a newspaper. The
article must deal with any course concept covered in Weeks 1-8.Part 2Apply one (1) of the following economic concepts (supply,
demand, market structures, elasticity, costs of production, GDP, unemployment,
inflation, aggregate demand, and aggregate sup
ply) to the key points that you
highlighted in Part 1.Some Examples: Price of some good rising or fallingShortages or surpluses of some good predictedCompany mergers threatening competitionSupply shocks due to natural disaster, bad weather, war,
etc.Predictions for Black Friday shoppingIncreasing tolls on Interstate highwayHealth care reformPart 3Explain how the concept that you identified in Part 2 could
affect the U.S. economy. What are the economic implications of the key points
highlighted? Here are some examples: Was there a shift in supply or demand? Why?Is this industry becoming more or less competitive?Are consumers (producers) more (or less) sensitive to price
changes?Will this lead to higher or lower production costs?Will this lead to economic growth, more jobs, and/or lower
unemployment?Is this the best way to spend tax dollars?Part 4In your concluding paragraph, state whether you agree or
disagree with the economic article identified in Part 1 and explain why. For example, does the article make sense from an economic
perspective?Does the article describe
the correct cause-and-effect relationship.Are the suggested solutions consistent with economic theory? Does the
article predict the same outcome as economic theory?Part 5Use at least three (3) quality resources in this assignment
with one (1) being your article.References must be listed on a separate sheet.Only include references that are cited in your text. In-text citations must match the reference listing. References must follow APA format rules.References must be in alphabetical order.Quality references are peer reviewed publications and
scholarly works.RUBRIC1.Identify at least
four (4) key points of a relevant economic article from either the Strayer
Library or a newspaper. The article must deal with any course concepts covered
in Weeks 1-8.Weight: 20%2.Apply one (1) of
the stated economic concepts to the key points that you highlighted inQuestion 1.Weight:
25%3.Explain how the
concept that you identified in Question 2 could affect the U.S. economy.Weight: 20%4.In your concluding
paragraph, state whether you agree or disagree with the economic article
identified in Question 1. Provide a rationale for the response.Weight: 20%5.3 references.Weight: 5%6.Clarity, writing
mechanics, and formatting requirements.Weight: 10%