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CPA - BEC > Economic Concepts > Flashcards

Flashcards in Economic Concepts Deck (4)
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1
Q

What is economics?

A

Concerned with allocation of scarce resource

2
Q

Microeconomics

A

Economic activity at the level of individual decision making unit

3
Q

Macroeconomics

A

Economic activity at national level

4
Q

International economics

A

Economic activity across national boundaries

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