Key Terms

Question

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

Economics

Individual choice

Economy

Market economy

Invisible hand

Resource

Scarce

Opportunity cost

Microeconomics

Macroeconomics

Economic aggregates

Self-regulating

Keynesian economics

Monetary policy

Fiscal policy

Model

Other things equal assumption

Positive economics

Normative economics

Trade-off

Production possibility frontier

Efficient

Factors of production

Technology

Trade

Gains from trade

Specialization

Comparative advantage

Absolute advantage