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5. Say if the sentences are true or false and correct the mistakes.
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Basics of economics concern the main terms and notions which economists study.
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Economics studies human wants and needs.
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A service is advice or help which is free of charge.
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Consumer goods are the products which producers provide.
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The need for making choices can be explained by the problem of scarcity.
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the people who sell goods and services are called producers
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People need many things to survive.
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Not all the resources are available to satisfy people's wants and needs.
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