How Individuals Make Choices Based on Their Budget Constraint
- Calculate and graph budgets constraints
- Explain opportunity sets and opportunity costs
- Evaluate the law of diminishing ...
What Happens When a Country Has an Absolute Advantage in All Goods
- Show the relationship between production costs and comparative advantage
- Identify situations of mutually beneficial trade
- Identify ...
Fiscal Policy and the Trade Balance
- Discuss twin deficits as they related to budget and trade deficit
- Explain the relationship between budget ...
How Changes in the Cost of Living are Measured
- Use the Consumer Price Index (CPI) to calculate U.S. inflation rates
- Identify several ways the Bureau ...
The Problem of Imperfect Information and Asymmetric Information
- Analyze the impact of both imperfect information and asymmetric information
- Evaluate the role of advertisements in creating imperfect information
- Identify ...
The Relatively Recent Arrival of Economic Growth
- Explain the conditions that have allowed for modern economic growth in the last two centuries
- Analyze the influence of ...
How the Unemployment Rate is Defined and Computed
- Calculate the labor force percentage and the unemployment rate
- Explain hidden unemployment and what it means ...
How Trade Policy Is Enacted: Globally, Regionally, and Nationally
- Explain the origin and role of the World Trade Organization (WTO) and General Agreement on Tariffs ...
Government Spending
- Identify U.S. budget deficit and surplus trends over the past five decades
- Explain the differences between ...
International Environmental Issues
- Explain biodiversity
- Analyze the partnership of high-income and low-income countries in efforts to address international externalities ...
The Economics of Pollution
- Explain and give examples of positive and negative externalities
- Identify equilibrium price and quantity
- Evaluate how ...
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