Question: Define specialization, name and explain 3 reasons why it a good thing for economy. Describe the demand curve, how it shift, the slopes, name and

  1. Define specialization, name and explain 3 reasons why it a good thing for economy.
  2. Describe the demand curve, how it shift, the slopes, name and explain 3 reasons why utility, income effect and substitution effect.
  3. Name and explain 3 determinants of demand and supply
  4. define public goods, private goods, examples, name and explain 2 characteristics of each

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