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Q1. Explain the two big questions of economics. Q2. Explain the key ideas that define the economic way of thinking. Q3. Define preferences and marginal

Q1. Explain the two big questions of economics.

Q2. Explain the key ideas that define the economic way of thinking.

Q3. Define preferences and marginal benefit and describe an efficient allocation of resources.

Q4. Explain how specialization and trade make resource use more efficient.

Q5. Explain the influences on demand and supply.

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