Explain (Define) the market system, the law of demand and supply, the production possibilities model, and private/public sectors.

Provide an example for each of these concepts, along with an explanation (1 to 3 sentences) of how each example correlates with the definition of each concept:

Explain (Define) the concept of the U.S. and global economy, how to measure domestic output and national income, and international organizations.

Provide an example for each of these concepts, along with an explanation (1 to 3 sentences) of how each example correlates with the definition of each concept:

Explain (Define) economic growth, macroeconomic relationships, and business cycle theory.

Provide an example for each of these concepts, along with an explanation (1 to 3 sentences) of how each example correlates with the definition of each concept: