timer Asked: Apr 12th, 2013

Question Description

provie an illustration of the production possibilities model, including a 
summary of what the model is illustrating and the economic implications for the 
economy. an explanation of why or why not trade with other countries is 
beneficial to an economy and how international trade fits into the circular 
flow diagram. an explanation of the difference between micro and macro 
economics, indicating why the division is necessary.

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