1/ What are "market failures?" What can be done to address them? Provide example. Explain in way that family and friend understand.

2/ How do labor markets work? Describe an economic challenge related to labor markets. Provide example. Explain in way that family and friend understand.

3/ What is income inequality? Describe an economic challenge related to poverty and income inequality. Provide example. Explain in way that family and friend understand.

4/ what is globalization? Describe and economic benefit related to globalization. Provide example. Explain in way that family and friend understand.