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Please share how you think economics impacts you directly. Provide 1-2 examples. Discuss a real life example of the production possibility curve - this can

  • Please share how you think economics impacts you directly. Provide 1-2 examples.
  • Discuss a real life example of the production possibility curve - this can be for yourself, a business or a country.
  • Discuss a real life example of when demand for a product has changed (increased or decreased). What do you think caused the change?
  • If you were in charge of the Federal Government, list one product that you would place a price floor on and one product that you would place a price ceiling on. Explain your reasoning.

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