Question: 1-) Explain how many things in daily life are basically a Marginal Benefit Marginal Cost Analysis, provide an example. 2-) Where do you stand, is
1-) Explain how many things in daily life are basically a Marginal Benefit Marginal Cost Analysis, provide an example.
2-) Where do you stand, is international trade good or bad? Is it an easy answer, explain?
3-) How does the model of Supply and Demand help explain real-life price and quantity fluctuations?
4-) One of the markets that seem to be very mysterious for some is the stock market. In that market, we buy and sell financial securities, more specifically public company stocks. Describe what do you know about the stock market and what are some of the things that you would like to learn more about, related to the stock market?
5-)What is the difference between a real rate and a nominal rate? Say you got a raise of 10% of your salary but inflation increased by 15%, what is your real percent increase in salary? How should we use this in everyday life to make changes that will make us wealthier over time?
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