I’d l ike you to write a short essay to apply the economic concepts to a current affair. Any current affair would be fine. The concepts you can choose from include, but not limited to opportunity cost, marginal analysis, efficiency, market failure, diminishing marginal utility, diminishing marginal return, externality, public good, prisoner dilemma, averse selection, moral hazard, etc. The construction of the paper is as follows:Section 1: description of the current affairSection 2: the analysis of applying e conomic concept s in the current affairSection 3: any s uggestions, comments, recommend ations for the issue discussed pefer 2011 and onward related issues, NO WIKIPEDIA , must cite all sources
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