What are the characteristics of advanced economies, emerging economies, and developing economies.

Posted: July 1st, 2022

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PART 1 consists of 5 essay questions (20 points each) (Chapters 1, 2, 3, and 4) / 100 points. PLEASE SEE THE FILES UPLOADED IN ORDER TO ANSWER THESE QUESTIONS *** EACH QUESTION SHOULD HAVE AN ANSWER OF A MINIMUM OF 150 WORDS. ***
Please think when writing these answers. I want them to have your voice and understanding.
***ESSAY ANSWERS PLEASE ****
QUESTION:
2)Please Use the circular flow model to provide a picture of how
households, firms, and governments interact. Aggregate activities
of all participants and Integration and interdependence of each
participant
3) What are the characteristics of advanced economies, emerging economies, and developing economies.
4) Explain and illustrate the concepts of scarcity, production efficiency, and tradeoff using the production possibilities frontier.
PART 2A – VIDEO SUMMARY
Summarize the current affairs video in 500+ words (must be typed using 12 font Times New Roman Font ) ” words or more and** if a graph was shown in the video, you must draw a graph and explain it**
Video: How Germany Became Europe’s Richest Country
Link: https://www.youtube.com/watch?v=Uad1Ma5DSMA&list=PLCFC957076C5D2A67&index=5

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