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general economics questions for you: 1. What is the law of supply and demand and how does it affect prices in a market? 2. Explain

general economics questions for you: 1. What is the law of supply and demand and how does it affect prices in a market? 2. Explain the concept of opportunity cost in economics. 3. Define GDP (Gross Domestic Product) and explain its significance in measuring economic growth. 4. What is inflation and how does it impact the economy? 5. Discuss the difference between fiscal policy and monetary policy. 6. Explain the concept of elasticity of demand and supply. 7. Describe the factors that contribute to economic inequality. 8. What are the main types of economic systems, and how do they differ? 9. Discuss the role of government in a market economy. 10. Explain the theory of comparative advantage and its implication for international trade.

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