iscuss your diagnosis and provide justification using the DSM-V and at least one additional relevant source.
August 5, 2017How is marginal analysis used in the price and output decisions of firms in the various market structures?
August 5, 2017
- A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in the economy and how the different sectors interact in the markets.
- An illustration of the Production Possibilities model, including a summary of what the model is illustrating and the economic implications for the economy.
- An explanation of why or why not trade with other countries is beneficial to an economy and how international trade fits into the circular flow diagram.
- An explanation of the difference between micro and macro economics, indicating why the division is necessary.
