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3 cards from this section. Quick, good the night before a test.
What does economics study?
Think about what needs to be satisfied.
Give one example of consumption.
Consider daily activities.
What does economics study?
Remember the definition of economics.
True or False: Statistics is unnecessary for economics.
Think about how data informs economic policies.
Discuss how the government could use statistics to address rising unemployment rates in the country.
Consider how data can reveal hidden trends.
Analyze how a change in consumer income could affect the production plans of a company.
Reflect on past economic trends to make connections.
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