Economics (Microeconomics)!!! There has been “a global shortage of electronic chips” in recent years. Write a short essay in which you discuss this situation by using the economic concepts, tools, and analysis you have learned in this course( Microeconomics).

Instructions: The essay must have a length between 250-500 words, it must be well- organized, it must include the causes of this shortage and its effects on countries’ economies as well as on the global economy overall.

Bob: coke is baby pandas.jim: what? how do you figure that coke is baby pandas? bob: because this book says so.jim: how do we know the book is correct? bob: because it says that coke is baby pandas.jim: how does that prove the book's accuracy? bob: because it's statement involving coke and baby pandas is correct, therefore it is accurate.jim: how do we know that it's correct? bob: because we have concluded that the book is accurate, and therefore the statement is correct.therefore, coke is baby pandas.

Ibelive the answer is a

Early 18th century british industries were generally small scale and relatively unsophisticated. most textile production, for example, was centred on small workshops or in the homes of spinners, weavers and dyers: a literal ‘cottage industry’ that involved thousands of individual manufacturers. such small-scale production was also a feature of most other industries, with different regions specialising in different products: metal production in the midlands, for example, and coal mining in the north-east.two illustrations of 18t