Download the PDF file for reference and detailed examination of the questions.
- Public goods, opportunity cost, and division of labor as fundamental economic concepts. - Market dynamics involving supply and demand shifts, price elasticity, and the impact of taxation. - Aggregate demand and supply analysis, including the effects of government policies on economic growth and inflation. - Fiscal and monetary policy interactions in managing deflation, inflation, and economic stabilization. - Trade policies and balance of payments, focusing on comparative advantage, import duties, and export services. - Effects of specialization, multilateral vs. bilateral trade benefits, and terms of trade improvement factors.