2: Market Structures and Trade Last updated Sep 8, 2021 Save as PDF 1.11: Economic Concepts and the Circular Flow Model 2.1: The Role of Government Page ID365 ( \newcommand{\kernel}{\mathrm{null}\,}\) 2.1: The Role of Government2.2: Concept- Water Distribution2.3: Unit 2- Basic Understandings, Vocabulary, and Objectives2.4: Supply and Demand2.5: The Price System at Work2.6: Prices as Signals2.7: Importance of International Trade2.8: Trade Deficits and Exchange Rates2.9: Competition and Market Structures2.10: Market Failures2.11: Social Goals vs. Market Efficiency