-From American Wasteland by Jonathan Bloom read the Chapter 2 and Chapter 3. After reading the chapter 2 and Chapter 3 answer the following questions.

As you read through chapter 2 you will note the use of economic jargon. Locate these 9 terms, use a dictionary or other source to really understand them, and define them in your own words:
-opportunity cost
– shrink
– peer-reviewed dollar figures
-GDP
– economically depressed
-sunk costs –
– market failure
– artificial demand
– upfront costs

make sure to make a personal connections to previous or current content or to real-life situations. Contains rich and fully developed new ideas, connections or applications. -This essay should be 550 words.