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1) What is Economics? Give one situation applying the concept of Economics. 2) Differentiate macroeconomics and microeconomics. Give one example each observed in our country.
1) What is Economics? Give one situation applying the concept of Economics. 2) Differentiate macroeconomics and microeconomics. Give one example each observed in our country. 3) During this COVID pandemic, what is the worst macroeconomic issue our country is facing? 4) Discuss the five foundations of economics. Give one situation each. 5) How can trade create value?
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