Principles of Economics
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Everything is trade-off! I want to eat chick-fil-a but now i cannot have McDonalds.
People Face Tradeoffs
Hey Emma do you want to go to the carnival with me?
If I study I would have to give up the carnival but if I go then I would not do well on my test
Rational People think at the Margin
How long should I continue to stop wearing my glasses before I damage my eyes?
You can buy this used phone for two hundred dollars cheaper then what you would buy in Apple!
People respond to incentives
Hi China you want mineral fuels?
Sure!! Its a win win!
Trade Can Make Anyone Better Off
Hey US, you want tea
Surely there is a better way to move files of course!
Markets are Efficient