Discussion:
Specifically, your supervisor has asked you about to prepare:
Tasks:
• A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in the economy and how the different sectors interact in the markets.
• An illustration of the Production Possibilities model, including a summary of what the model is illustrating and the economic implications for the economy.
• An explanation of why or why not trade with other countries is beneficial to an economy and how international trade fits into the circular flow diagram.
• An explanation of the difference between micro and macro economics, indicating why the division is necessary.
Deliverables:
• Prepare a 5-10 page Microsoft Word document that addresses the above tasks and meets APA standards.
• Include a summary section in your report that contains 5-7 bullet pointsidentifying your major findings or conclusions of your paper.
All submissions must be original and all resources must be properly acknowledged.