Elucidate the differences among the two and why economics

Reference no: EM1339902

Macroeconomics Research

1. Absolute and comparative advantage: Explain how these concepts describe the benefits and costs of international trade.

2."Invisible hand": What is it and how does it affect the decision-making process in our economic system?

3.Circular flow diagram: Include the government sector in your explanation, a description of the roles that each participant plays in
the economy, and how the different sectors interact in the markets.

4.The Production Possibilities model: Provide an example and include a summary of what the model is illustrating and the economic implications for the economy.

5.Microeconomics and macroeconomics: Explain the differences between the two and why economics is divided into these two subdivisions.

6. 5-10 power point slides answering the corresponding to the questions listed in the above problem.

Reference no: EM1339902

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