IB Economics HL Section A

This discusses the benefits and faults of tax cuts and whether they will lessen the burden on consumers; "elasticity of gas supply is even lower, much lower than elasticity of demand." And the comments were fairly interesting

I wasn't sure if this would consitute an article but I thought it was fairly relevant especially when I look at the discussion topics. The Public Health and Economic Benefits of Taxing Sugar-Sweetened Beverages argues that economically, the long term consequences will be a heavy financial burden on the country that may be avoided through increase taxes on sodas and sugar products tht should discourage consumers from making that lifestyle choice in regards to what they consume.

Please, remind me in your PT whose article was this one. Thank you.

This article is talking about how China and America need each other to survive, this is because resources are scarce and the two have to share so that they can both recieve the needed resources.

New York Times article by David Brooks

The scarcity of goods mentioned in this article such as oil, gold, and natural gas is what dictates modern trading and prices. The scarcity of these goods combined with their importance to us makes them very desirable, and because of the scarcity, our unlimited desires cannot be fulfilled. However, even though the dollar weakens, the weakening of our want for oil still lowers the price of it. An interesting phenomenon, no?

Even while analyzing the complicated subject of oil in global economies, the basic principle of scarcity of resources is at work. Oil is a limited resource that is not free. In fact, it is controlled by organizations such as OPEC which determine the amount of the resource available to customers all over the world. There are universal and unlimited wants for oil, however, its scarcity prevents these wants from being fulfilled.