a research paper about a microeconomic issueThe paperEconomic issueWhy is it an economic problem?Where is the trade off?Make it clear in introductionSocial importanceWhy important?What part of society affected?Economic principles (Mankiw principles: opportunity cost, marginal reasoning)The body of your essay has to be guided using economic principles.Use economic principles to argue the point.Diagrams are a plus but not mandatoryConclusion: summary of main argumentSources5 academic sourcesjournal articles (American economic review, quarterly journal of economics, rand journal of economic)text booksarticles published by economistsuse citations properly (consistent)Claritygrammar, spellingargumentativeavoid subjective sentencesrequirement: 5-7 pages, citation, …………….Answer Preview………………..Introduction Scarcity basically refers to the insufficiency or the inadequacy of a resource. A resource that is incapable of satisfying human wants is assumed to be scarce. Scarcity is one of the most basic microeconomic problems that several economies face. The fact that human wants are insatiable means that they always require regular satisfaction using resources. Human wants are also recurrent and habitual and…..APA1703 words as low as18.00 – Added to cart
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