1. Choose a business which you are familiar (e.g., where you work or shop). 

2. Apply the key terms learned throughout this course to this business (monopoly, oligopoly, pricing practices, elasticity, demand and supply, and production). 

■ What are the pros and cons of these concepts in relation to the business?

 ■ What are the biblical principles that apply to this business? How do these support the economics of the business?

 Requirements: 

● The research paper should be at least 6 pages long, not counting the cover page or references 8

 ● APA format, including in-text citations, cover page, and reference page 

● 12 point font, double spaced