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Basically, article is about Egypt's endeavor to find foreign investors for financing infrastructure projects and increasing its dwindling foreign currency reserves. Two of the most important terms derived from the week 2 are scarcity and opportunity cost. Turkish investments of $20 bn dollars and 500 mio euros from the EU (depending on Egypt securying the loan from IMF) in Egyptian infrastructure and foreign currency reserves deficit have an opportunity cost of spending that amount of money for other purposes. In this article, Egypt's foreign currency reserves and budget are scarce, so Egypt wants to get money to reduce unemployment rate via economic growth (4.5 %). Here we also have the factor of production - this is capital which comes from investments in physical capital (infrastructure) and in my opinion also human capital (reducing unemployment, improving education and healthcare perhaps ...). One thing that will be crucial for Egypt is the factor of entrepreneurship.

I know this may be a very ridiculous selection, but it points out one very obvious and necessary resource that many rural and suburban Indians do not possess, namely, a toilet!! The fact the even toilets can be considered a scarce resource was interesting, and helped to cement the idea that literally everything can be thought of as a scarce resource. The opportunity cost can be thought of as the other public works that Indians won't get because the government has to spend money on toilets. This also shows an example of economic growth, as the basic livelihood and welfare of Indian citizens may now increase, thanks to improved public hygiene.

This is an example of scarcity in the Mexican government. It is scarcity of capital and of labor. The scarcity of capital is the limited quality security resources. The scarcity of labor is not just of people, but as well a scarcity of good people. Many prison guards are corrupt, and there aren't a lot of them. This is also a good example of what I'll call a gambling opportunity cost. The government decided to not invest enough in security with the gamble that there could be a prison break. It would have been a good gamble if there were no prison break, however, it turned for the worse. Not only, of course, did the prisoners escape, but now the government needs to pay the wages of all of the sudden security requirements. They most likely are having to pay as much for the mistake as they would have had to pay to do it right the first time.

I chose the article because it was talking about how Syria was giving a $25-million reward for the capture of the president. I thought it related to scarcity because, now a days, money is very important for a person to sustain life, and if they wanted to capture the president the best way was giving a lot of money so people would do it as fast as possible. If people have an opportunity to get a lot of money, they will take it. Money is a limited resource; it is scarce and it will always be. If the government decided to print more money, then every time we would have more money to spend and everything would be more expensive.

Because of the decreased amount of work opportunities the unemployment rates go higher. That is bad enough for any country, and even worse for a country like China who are dependent on their production and export. The scarcity of work opportunities get bigger, and creates competition on the market. This will contribute to a poorer population since the competition gets higher and people then work for less money.

This article discusses how there is a new law in Belarus that restricts the citizens of public use of foreign websites. "That would make it illegal for firms like Amazon or eBay to sell goods to customers in Belarus." This shows how the citizens in Belarus don't get the same opportunities to purchase things online as everyone else does around the world. The government is restricting public access of purchasing goods for the citizens of Belarus. Breaking the law has consequences "Fines for breaking the law range as high as 1m Belarus rubles ($120)."

This article demonstrates demand well, simply because it shows how the demand for a certain product is growing and companies in Russia are racing to have the better product on the market. "Cost, reliability, service contracts, after-sales support, and customer relationships will be key competitive factors," concluded Tohani.

This article talks about how the oil prices are very elastic. Due to Venezuela having a "shortfall"in their production, OPEC decided to take advantage of this. They saw this as a "a legitimate excuse to increase output". Therefore, this allowed them to increase the prices a little more and still be able to sell more oil, causing a greater profit for OPEC. In other words, because Venezuela had a shortage in their oil production, other countries were able to take advantage of this and allow the elasticity of their product to create the greatest profit possible.

This article relates to demand, because it highlights one of the biggest advertisement opportunities for the monopolistic competition market that is the automobile industry. This market has monopolistic competition because the products are not identical, and the makers have the ability to influence prices. It is easy for firms to enter the market, and there are a lot of car-makers out there. Therefore, advertisement and recognition is key. This is a great example of advertisement.

This article discusses how the Ukrainian president vetoed a trade deal with the European Union. This trade deal was an opportunity for trade creation in the EU, because the EU bloc would have been expanded. The EU claims that the trade deal would have boosted the Ukrainian economy by 6%.