why Specialization and trade increases a country's overall level of consumption in terms of international commerce ?
. Explain how the role of scarcity, specialization, opportunity cost in economic decision making are related with the question. Explain how the mechanics and institutions of international trade and the impact on the macro economy are related with the question Define economy growth and identify source of economy growth Identify the determinants of supply and demand, demonstrating the impact of shifts in both market supply and demand curves on equilibrium price and output.