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Question Description
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
Respond to at least two classmates’ original posts discussing their article and the merits of the principle(s) they chose.
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