Florida National University Scarcity to Definition of Economics Discussion

Question Description

I’m working on a macro economics question and need an explanation to help me learn.

Answer the following questions:

– What determines whether or not a resource is scarce? Why is the concept of scarcity important to the definition of economics?

– Why do economists pay more attention to national economies (for example the U.S. or Canadian economies) than the state or provincial economies (such as California or Ontario)?

– Why doesn’t the National Bureau of Econonomic Research identify the turning points in economic activity until months or even a year after they occur?

A reference page with at least two references from the FNU Library (LIRN / Library and Information Resources Network) specifically Pro-Quest, and textbook are required, you must also reference your in-text.

Your Library: User ID > 24439

pssw> smartlearn39

Your assignment grade will be based on the following “Rubrics”

– APA Formatting 1 pt (running head, page numbering, font style & size, double spacing , margins 1″, paragraphs indents, proper and complete referencing for your references sources, references page hanging indents, in-text referencing)

– References Sources .5 pt (textbook, two other references from the FNU Library not the Internet)

– Originality Report 1 pt (No higher than 30%.. Anything above 60% will be carefully assessed and with a high probability that you will be requested to re-submit)

– Content Relevancy .25 pt (100% relevant content to the subject matter)

– Content Volume .25 pt (it must be at least 150 words of writing per question)

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