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November 21, 2022

Discuss how the article relates to one or more of the Ten Basic Principles of Economics:

Choose an article published in the last two weeks in one of these three resources (Wall Street Journal, Business Week, Economist). Discuss how the article relates to one or more of the Ten Basic Principles of Economics:

People Face Trade-offs

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

Rational People Think at the margin

People Respond to Incentives

Trade Can Make Everyone Better Off

Markets Are Usually a Good Way to Organize Economic Activity

Governments Can Sometimes Improve Market Outcomes

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

Prices Rise When the Government Prints Too Much Money

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

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