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For this paper, select an article available from the internet that has been published within the last six months about a current event that
relates to opportunity cost and/or the production possibilities curve. Do not use an example of opportunity
cost from a Economic text
book
or a Economic article on opportunity cost. This article review addresses learning objectives, 1.1, 1.2 and 1.3
. In the article review:
Provide a one paragraph review of what the article is about.
• Provide a second paragraph fully explaining how the concept of opportunity cost or the production possibilities curve relates to the
topic in the article.
.Is the article written to persuade or inform? Specifically provide at least two reasons that support your conclusion.
If it was written to persuade, is there bias, loaded terminology or an association vs causation fallacy present? Explain.
• If it was written to inform, has it reasonably covered the topic completely. If yes, explain why the context is adequate. If no, explain
what may have been left out.
Reasons for losing points:
Missing URL
Less than 3 paragraphs.
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Answer :

GinnyAnswer

Final answer:

Understanding opportunity cost and the production possibilities curve is essential in economic decision-making, especially in addressing complex issues like poverty.


Explanation:

Opportunity cost is the value of the next best alternative foregone when a choice is made. It is a fundamental concept in economics used to assess decision-making. The production possibilities curve illustrates the maximum output combinations of two goods an economy can produce given its resources; it highlights trade-offs and scarcity.

An article discussing poverty and ways to eliminate it can demonstrate opportunity cost concerning government spending on welfare programs versus investments in education or infrastructure. It can also show how the production possibilities curve applies to a country's allocation of resources between healthcare and defense spending, showcasing the inherent trade-offs in economic decision-making. The article may aim to persuade by presenting arguments for specific poverty reduction strategies and can exhibit bias through selective data presentation or loaded language.


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