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Ten principles of economics

31/08/2020 Client: visedh Deadline: 7 Days

Choose an article published in the last two weeks in one of these six resources listed under Reading and Resources or any other resources, just make sure to provide a link.  Discuss how the article relates to one or more of the Ten Basic Principles of Economics: 



  1. People Face Trade-offs

  2. The Cost of Something Is What You Give Up to Get it

  3. Rational People Think at the margin

  4. People Respond to Incentives

  5. Trade Can Make Everyone Better Off

  6. Markets Are Usually a Good Way to Organize Economic Activity

  7. Governments Can Sometimes Improve Market Outcomes

  8. A Country’s Standard of Living Depends on Its Ability to Produce Goods and Services

  9. Prices Rise When the Government Prints Too Much Money

  10. Society Faces a Short-Run Trade-off between Inflation and Unemployment

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