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Assignment: Answer with a 200 word paragraph for each question in different pages. use citations from the book Macroeconomics 11 ed by William a. mceachern and other two macroeconomic books of your choice. be sure to ad a reference page as well.
- Some economist believe that in order to really understand macroeconomics, you must first understand microeconomics. How does microeconomics relates to macroeconomics?
- What is the law of demand? Give two examples of how you have observe the law of demand at work in the "real world." How is the law of demand related to the demand curve?
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Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
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Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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