answer simple econ questions

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I need answers to these Econ questions. Answer only if you studied or are studying Economics. I need perfect answer, my GPA is at risk. Do not get too fancy with the vocabulary, but over explain everything. With my teacher, details are key. Do not just state things, explain them.

Have a dedline in three hours.

I do not need heading on top of the page, just simply answer each individual questions. Do not format the paper as an essay, it is not necessary.

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