Opportunity Cost: ‘Hurricane Sandy's Opportunity Costs’ – This article is about how a natural

disaster has happened and the government are investing money into rebuilding and repairing.
Therefore the point is that money is now being consumed to get back to break even. In purely
economic terms, costs are being absorbed by the economy, the business sector and society, for
which there is no multiplier, no gain.

Demand & Supply: ‘Syria’s oil supply decimated as demand grows: OPEC’ – This article is about
how the war in Syria is effecting the country’s supplies and most of all the supply of oil, and now, the
demand for the oil has grown, due to the limited amount of it.

Income: ‘US income inequality at record high’ – This article is about rise in income in the US. The
main features of this article is that the top 1% of US earners collected 19.3% of household income,
breaking a record previously set in 1927. Income inequality in the US has been growing for almost
three decades. Overall, the pre-tax incomes of the top 1% of households rose 19.6% compared to a
1% increase for the rest of Americans and the top 10% of richest households represented just under
half of all income in the year, according to the analysis.

Inferior Goods: ‘Smoking is an Inferior Good (sometimes).’ – This article is about how smoking is
portrayed as an inferior good due to the statistics shown on a table which focuses on the number of
people who smoke and what their incomes are. It shoes on the table that the more money you earn
the less you smoke, therefore classed as an inferior good.

Changes in Price affecting Demand: ‘What determines gas price?’ – This article is about
understanding gas prices & how they are priced up with different features. It says in the article that
even when the price goes up, the demand remains inelastic as people need gas no matter what.
Other examples of Price effecting demand could the raised price in a chocolate bar, from 50p to
£1.20.The demand for this chocolate bar would drop.

Addictive goods: ‘Economic man and the consumption of addictive goods’ – This article is written
just to explain the use of addictive goods. He uses examples such as smoking, and drugs. These are
addictive goods which are highly priced and therefore a waste of money. This article relates to the
term ‘addictive goods’ as it is explaining what they are & the pros and cons of them.