Economics

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An overview of basic economic topics with a focus on global microeconomics. Learn about supply and demand, elasticity, tax and dead weight loss, market structures, and international business and trade.

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Information about basic economic principles. Law of supply and demand, matching curves to equilibrium points, citizen preferences, business input prices, graphs, schedules, surpluses, and quantity shortages.

Explanation of domestic and world prices, the winners and losers from trade, importing goods, tarrifs, taxes and import quotas, and good arguments for restricting trades in certain situations such as the job argument.

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