Markets and the Functions of Governments
Identify and analyze forces that can change price.
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Analyze how competition among producers and consumers affects price, costs, product quality, service, product design, variety and advertising.
Explain how the price of one currency is related to the price of another currency (e.g., Japanese yen in American dollar, Canadian dollar in Mexican nuevo peso).
Economic growth and stability
Explain the laws of supply and demand and how these affect the prices of goods and services.
Explain how competition between buyers and sellers affects price.