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I have 7 questions for Macroeconomics 1. What is meant by the Basic Economic Problem? How do various countries deal with this problem? 2. Compare
I have 7 questions for Macroeconomics
1. What is meant by the Basic Economic Problem? How do various countries deal with this problem?
2. Compare and contrast a market economy with a command economy.
3. What is the Circular Flow Diagram and what does it show us?
4. What is meant by the invisible hand?
5. Why are most PPFs concave to the origin (bowed outward)?
6. List and describe the two types of shifts in the PPF.
7. Explain why a country's production of more capital goods relative to consumer goods could lead to higher growth rates.
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