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Topic 1
Economic deals with economic choices (decisions) individuals, firms and nations make. The adage, "There is no such thing as a free lunch," is used to illustrate the principle that people face tradeoffs to make economic decisions.
Topic 2
The economy works via the interactions of economic agents (interactions of economic choices). Economists claim that pursuing self-interest based on our skills leads to trade based specialization and mutual gains from trade.
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