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How can microeconomics help you at a business and professional level?
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How can microeconomics help you at a personal level?
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How is microeconomics distinguished from macroeconomics?
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Regardless of whether a country has a command or mixed economy, what three basic questions must be answered?
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Define and illustrate the production-possibility frontier.
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Use PPF analysis to illustrate the concept of opportunity costs.
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Use PPF analysis to illustrate the concept of economic efficiency.
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What are the three most important market failures?
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Summarize the various reasons why the government might intervene in the private marketplace.
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What are the three major factors of production?
