2: Market Structures and Trade Last updated Save as PDF Page ID365 Contributed by CK12CK12 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