Impact on china on global microeconomics

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Reference no: EM1373263

1. Does microeconomics apply to every nation in the world. Explain your reasoning. and explain the specifics of any cases or examples you use and the implications of similar on local citizens of that country.

Impact on China on Global Microeconomics

2. The total economy of China will soon pass the US; most analysts say this will occur in less than 10 years. From a microeconomics viewpoint, what does that mean for:

[A] The law of demand
[B] U.S. consumers
[C] Our nation in total

Reference no: EM1373263

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