Florida National Economic Systems Including Opportunity and Sunk Cost Questions

BOOK NEED FOR THIS ASSIGNMENT :Title: MICROECONOMICS 11th Edition

ISBN: 9871305505537 987

Author: William A McEachern

here is the link to Thursday evenings tutorial.

https://us-lti.bbcollab.com/recording/a4a9e0a7f023…

This week we continue to establish the base for economic studies and thinking by su looking at Economic tools and Economic Systems including Opportunity and Sunk cost; Comparative and absolute advantage; Division of labor; the PPF; as well as capitalism and command systems.

Read through Chapter 2 and make sure you understand and can apply all of the above. By that, i mean that you can close your textbook and explain each topic in your own words with no plagiarism. Also that you can give a clear example to illustrate your writing.

ASSIGNMENT

Answer: Questions for Review #’s 1, 2, 5, & 19 AND Problems 12, 13, 14 & 16.