Topic Threads M8: Reflections Question In a paragraph or two... i. Propose a speech that you would give to a friend in an elevator summing up the contents of this course. You have 30 to 90 seconds to inform your friend of the most important elements. Go! 0 ii. Rate and briefly explain the three (3) most important concepts that you learned in this course in order of importance (one being the most important). iii. Discuss how you plan to apply the concepts learned in ECON 160 (Principles of Microeconomics) in your current or future position. MacBook AirThis assignment will be submitted to TurnitinTM. Instructions During module 6 you submitted an introduction to your topic as well as a reference list. This week you will complete this into a final paper which will be your submission to meet the requirements of the General Education Task. This paper should be 7-10 pages in length and include at least 5 works cited. Your paper can be on any issue or topic covered in this class. Some suggestions may be: . Income Distribution and Poverty. . Criminalization of poverty . Gender roles in poverty o Race and poverty . Minimum wage and Poverty . Poverty causes and issues in a given state or country . If we eliminate poverty, will our economic system crash? . Social programs- do they help people get out of poverty? . Market Failure and Public Goods. . Monopoly and Anti-Trust regulation. (Select a specific case to discuss) . Impact of tariffs- i.e. proposed 20% tax on Mexican goods, or breaking the GATT or other trade agreements. Who pays the tariff? . Implications of tariff on US economy; Global economy . Select your own topic of interest and propose it to me. Include causes and possible solutions, as well as implications on economic systems and unintended consequences. Use theories learned in this class in your evaluation. Also, if possible include examples from your life experiences to support your research