Economics is the study of the circulation of money between banks, taxpayers and the government.
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Q10: In international trade, if one party gains,
Q11: Scarcity means that society has less to
Q12: The word 'economy' comes from the Greek
Q13: A marginal change is a large and
Q14: In economic policymaking, there is often a
Q16: Pollution regulations make society better off by
Q17: The marginal cost of something is what
Q18: Equity means that everyone in the economy
Q19: A higher price on a good is
Q20: When the government redistributes income from the
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