The 10 Principles Of Economics

10 Questions | Total Attempts: 2737

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The 10 Principles Of Economics

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Questions and Answers
  • 1. 
    Principle 1:  People face _________.
  • 2. 
    Principle 2:  The cost of something is what you ______   ____  to get it.
  • 3. 
    Principle 3:  Rational people think at the ________.
  • 4. 
    Principle 5: Trade can make ________ better off. 
  • 5. 
    Principle 6:  Markets are usually a good way to organize ________  _________.
  • 6. 
    Principle 7:  Governments can sometimes ________ market outcomes.
  • 7. 
    Principal 8:  A country's standard of living depends on its ability to ________  _______  ___ _________.
  • 8. 
    Principal 9:  Prices  _____ when the government prints too much money.
  • 9. 
    Principal 10:  Society faces a short-run trade-off between __________ and unemployment.
  • 10. 
    Principle 4:  People respond to ________.
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