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Flashcards by marvin bikaba, created more than 1 year ago

These flashcards feature the introductory definitions and terms in economics.

	Created by marvin bikaba over 6 years ago

Chapter 1 Definitions of Economics.

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What is economics?

Demand

Supply

Microeconomics

Macroeconomics

Normative
Statement

Positive
Statement

DEFRA as an acronym stands for?

What do economists do?