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Explain the following: 11.function of money? 10.Economic growth is important? 9.difference between nominal and real GDP ? 8.The economic of scale ? 7. Public Goods

Explain the following:

11.function of money?

10.Economic growth is important?

9.difference between nominal and real GDP?

8.The economic of scale ?

7.Public Goods & Common Resources?

6.Consumer surplus ?

5. When there is a price ceiling and price floor in the market what are the possible outcomes in the market?

4.Elasticityof supply?

3. supply and demand ?

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