Question: Describe the factors that affect economic development? Identify the different levels of economic development? Discuss the economic principles that explain the need for International Trade.

Describe the factors that affect economic development?

Identify the different levels of economic development?

Discuss the economic principles that explain the need for International Trade.

Identify various measures of economic progress and development.

Think of three choices you have made recently. What were the opportunity costs of those choices?

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