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- 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

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- 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

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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)