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Principles of Economics > 9. > Flashcards

9. Flashcards

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Principles of Economics (13 decks)

1. The core principles of economics

2. Demand- thinking like a buyer

3. Supply- thinking like a seller

4. Equilibrium: where supply meets demand

5. Measuring responsiveness

6. When governments intervene in markets

7. Welfare and efficiency

8. Gains from trade

10. Externalities and public goods

11. The labour market

13. Inequality, social insurance, and redistribution

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