Think about the price of a new iPhone. How is the price of the phone the equilibrium price? How does the elasticity of demand for the iPhone affect its price?

Which consideration must be addressed when deciding for whom to produce? who can be most creative with the product? who has the largest resource pool? who has the greatest need? who can bring in the greatest profit?

How have the united states influenced other nations? describe the impact that the u.s. has had on other countries.

Why was philip able to defeat the greek city state