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I thought this article was relatable since we are all students and looking at internships in the future is something many of us will have to go through. In this article, it explains that sometimes students are reluctant to take up unpaid internships. This is because even though it would be very good for work experience some can not afford to not get paid. Being a student is expensive: having to pay for their education, a place to live and everyday essentials. I thought this was a very good example of opportunity costs, either gain the work experience but have to cut down on living costs because you are not getting paid or find a paying job but that might not best suited for your interests. Another issue they mentioned was that if all interns were obligated to be paid that many companies would cut back or completely get rid of their internship programmes. So this was another example of opportunity cost, either have fewer internship programmes and positions and, if you are lucky to get the job, get paid or, continue to have many unpaid internship positions.

As the third major international crop, the price of corn rising is affecting the globe. As droughts plague the agriculture of African countries, the price of corn is surging, reminding us again that world hunger is still prevalent in the world today. The title of the article was eye-catching and reading it through "economic lens" really made it interesting. Droughts in Africa is affecting the agriculture of corn and making crops scarcer. In addition, price of fertilizers is two to four times more expensive in Africa, detrimentally affecting the region, which uses the most fertilizers. The opportunity cost of purchasing fertilizers is enormous as the money spent on fertilizers can be used for providing services for workers, better equipment or improving on infrastructures. Furthermore, farming technology is still quite primitive compares to North American standards and as a result the production possibility curves are smaller than other agricultural regions. This article was really interesting because it relates so closely with what we have learned so far, and it reminded me that world hunger is still very much present in our world.

I think we will see the change of the market of smartphone through the windows phone is about to start to pre-order. Windows phone is one of the biggest competitors of Iphone over the world. In this case, the supply of the smartphone increases. And I believe the demand or price of iphone is going to chance because of it, after people consider about the oppotunity cost of either buying iphone or windows phone.

Yes I do agree with you that the "windows fones" are going to create a huge competition with the apple iphone and i think this is a positive aspect to the phone market because now the iphone will probably not dominate the phone market anymore and it's price will drop, making it more availible to people. Also this is a positive aspect that there is competition because it will lower the prices of telephones in generally making it more availible to everyone. Adding to the competotion aspect, it will force the to companys to finance their reserch even more, to try and beat their opposition, which will improve the technology of telephones of our day!

This article is about the European Central Bank finally deciding to cut interest rates, to provide as much liquidity of stocks as possible. They also plan on enabling smaller companies to get credit which was relatively difficult before. The bank believes that smaller companies are very important in Europe and they should have the opportunity to get credit as well. Annual inflation plunged to 1.2% in April, pressuring the ECB to cut rates and induce inflation. However economists believe that this decision will not have much of an effect. The sudden slump in price pressure also is making the ECB look into other policy changes to counter any further slide in inflation.

Like the name of the article, the author talks about the problem after the recession: unemployment rate is high still, when job vacancies are more. This is quite a confusing and unexpected situation. It doesn't make any sense when there are many opening job opportunities, there should be less jobless people. Even though the reason which causes this issue is not clear, the author hypothesis is that there are probably some mismatching skill for the job, or we can call it structural unemployment; or it must be the firms are afraid of making hiring mistakes since the economic conditions is still uncertain.

This article is about the Tea Party supporters who sprang into action in the United States last year. They demand to block the democratic agenda on the economy and also the environment and health care. Tea Party supporters are Republicans and believe President Obama and the Democrats to be 'far too liberal'. These supporters are strongly backed up by Republican politicians, Sarah Palin in particular. One of the major issues that the tea party argues is the misuse of economic resources in health care. They feel that all the health care opportunities are targeted towards the poor section of the country, not the middle or rich class. However since the latter are tax payers, the health benefits should be more focused on them. Thus in this situation a political party has a direct influence on the economic policies taken in a country.

President Obama visited the University of Michigan and outlined a new plan aimed at limiting tuition increases at U.S. universities.A key reason for high rates of tuition increase, is simply that the supply of freshman slots hasn't kept up with demand and such shortages lead to price increases.Top universities should focus on increasing the number of students they admit and all who care about expanding opportunities should pressure boards and presidents to spend some of the money on opening up more spots in the classes.

American car sales are declining, which can be at the cause of the falling economic situation in America. They need more people to develop the products and the quality of the car somehow decrease, which cause of the fall of demand. I think it's relate to scarcity because the existing oil on earth is about to run out, so the price of oil rise in recent years. Then more and more people would like to take public transportation instead of car. In a word, the decrease of demand is the main cause of the sales falling of the car. Moreover, I believe Ford should think about why the Europeans are not interested in Ford now? Ford do need to do something for keeping their products stand in the European market.