How people make decisions
Principle 1: People are facing the principle of defending shelter 2: The cost of a certain thing is to get what it gives up. Three: rational people consider the principle of marginal quantity 4: People will respond to incentives
How people trades
Principle 5: Trade can make everyone better in principle six: The market is usually a good way to organize economic activities. 1. Seven: Governments can sometimes change market results.
How to run the overall economy
Principle 8: The living standard of one country depends on its ability to produce goods and services. Principle. When the government issues too many currencies, the price rise is 10: Society is facing short-term trade-offs between inflation and unemployment.
