Chapter 1
1. What is Economics?
2. What are the fundamental economic questions?
3. What is opportunity cost?
4. Please draw the economic circular flow and explain.
5. (Assume Thailand produces only consumer and
military goods) Please draw the PPC after improving
the country technology and explain.
6. (Assume Thailand produces only consumer and
military goods) Please draw the PPC after division of
labor of consumer goods and explain.