Econ Term Paper

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Economics

Description

For the paper, pick a current economic topic that relates to (Introduction to Economic Thinking, Demand, Supply, and Market Equilibrium, Elasticity, Consumer Choice, Business and Their Cost, Pure Competition and Pure Monopoly and Monopolistic Competition and Oligopoly)

Which is the material that was covered or will cover in this course. You will research and find an article that covers the topic you have chosen. You can use an article online or offline from any reputable source. You will write up a review of the article and integrate course concepts into your review. Please make sure you both summarize the article and discuss how it relates to the course.

Complete this essay in a Microsoft Word document in APA format. Please note that a minimum of 700 words for your essay is required.

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Explanation & Answer

Attached.

Running head: SUPPLY AND DEMAND: SPY PLANES

Supply and Demand: Spy Planes
Name
Institution

1

SUPPLY AND DEMAND: SPY PLANES

Supply and Demand: Spy Planes
Economics is a significant concept which deals with many terms related to the
economy being and welfare of many consumers and producers of various types of goods and
services. The concepts of demand and supply are vital to the producers and consumers of
various products and services as in most cases they usually help in structuring the prices that
the producers will charge the consumers. Various products prices in different markets are
usually affected by the demand and supply chains. One economic topic that relates to demand
and supply that would be discussed in the paper concerns the increasing gap between the
supply and demand for spy planes in this current world.
In the article by Sam Brannen titled Gap Between Supply and Demand for Spy Planes
Just Got Bigger explore how the United States together with many other nations are
struggling and demanding for the increase in production of spy planes to help tackle the
increasing cases of world insecurity. In the article, Brannen explains that former President
Obama asked the Pentagon Intelligence, Surveillance and Reconnaissance (ISR) to cut down
there sp...


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