June - 2016

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Chapter 1: Ten Principles of Economics- Principle 9: Prices Rise When the Government Prints Too Much

To learn more about inflation, read here.

Chapter 1: Ten Principles of Economics- Principle 8: A Country's Standard of Living Depends on I

Explore the meaning of productivity in relation to standard of living here.

Chapter 1: Ten Principles of Economics- Principle 7: Governments Can Sometimes Improve Market Outcom

The government, sometimes criticized for its economic decisions, can account for factors that are not a part of self-organizing forces, like

Chapter 1: Ten Principles of Economics- Principle 6: Markets Are Usually a Good Way to Organize Econ

Markets self-adjust, a primary factor to why principle 6 of economics holds true. Find out more about economic activity here.

Chapter 1: Ten Principles of Economics- Principle 5: Trade Can Make Everyone Better Off

Generally, trade, using comparative advantage, proves to benefit everyone involved.

Chapter 1: Ten Principles of Economics- Principle 4: People Respond to Incentives

How do people respond to incentives? Find out here.

Chapter 1: Ten Principles of Economics- Principle 3: Rational People Think at the Margin

The title says it all: Rational People Think at the Margin.

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