Microeconomics and Macroeconomics Principles

Answer the following questions in no more than two paragraphs per question….

A. Why might it be that a country rich in natural resources, say,, Zimbabwe, cannot outproduce in GDP and productivity, Singapore, a city-state in Southeast Asia with comparable few resources?
B. How does specialization in trade lead to greater economic prosperity for a nation?
C. Though, perhaps, a bit too early to tell, from your readings of various business app’s and/or associated periodicals, what’s the prognosis as to how the Coronavirus (COVID 19) will impact global trade into 2021? ’22?

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