Identify One or More of the Ten Principles of Economics
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I need help finding 1 more story from a newspaper or the Website http://www.economist.com about the economy that have been in the news lately. For each story, identify 1 or more of the Ten Principles of Economics that are relevant, and explain how it is relevant.
The Ten Principles of Economics are:
People Face Tradeoffs
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
Society faced a short-run tradeoff between inflation and unemployment
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Solution Summary
The solution provides the news article, discussion and the reference source as per requirement of the problem.
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Here is the article about Vietnam
http://www.eastasiaforum.org/2009/10/20/vietnams-economic-resiliency-a-symptom-of-strength-or-weakness/
I suggest for ...
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