<P>contemporary business chapter3<BR><BR>Learning Goals<BR>1. Distinguish between microeconomics and macroeconomics.<BR>2. List each of the factors that collectively determine demand and those that<BR>determine supply.<BR>3. Compare supply and demand curves and explain how they determine the<BR>equilibrium price for a product.<BR>4. Contrast the three major types of economic systems.<BR>5. Explain each of the four different types of market structures in a private<BR>enterprise system.<BR>6. Identify the major factors that guide an economist’s evaluation of a nation’s<BR>economic performance.<BR>7. Compare the two major tools used by a government to manage its economy.<BR>8. Describe the major global economic challenges of the 21st century.<BR>C H A P T E R 3<BR>Economic Challenges<BR>Facing Global and<BR>Domestic Business[subject_ERP] </P>
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