Ten Principles of Microeconomics#1: People Face Tradeoffs#2: The Cost of Something Is What You Give Up to Get It#3: Rational People Think at the Margin#4: People Respond to Incentives#5: Trade Can Make Everyone Better Off#6: Markets Are Usually a Good Way to Organize Economic Activity#7: Governments Can Sometimes Improve Market Outcomes#8: A Countrys Standard of Living Depends on Its Ability to Produce Goods and Services#9: Prices Rise When the Government Prints Too Much Money
