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This document of XECO 212 Week 1 Discussion Questions includes:
DQ 1: Locate recent articles in the New York Times or Wall Street Journal (or any other reputed news journals or websites), in which economists are quoted using positive and normative statements. Provide one quote and its context for both a positive and normative statement. Explain your choice. Evaluate the statement choices of your fellow students.
DQ 2: Select a good that you are familiar with. What are the factors that shift the demand curve for this good? What are the factors that shift the supply curve for this good? How do you expect the supply and demand of your selected good to change in the next year? Relate your expectation to price and quantity.
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