10 Prinsip Ekonomi
HOW PEOPLE MAKE DECISIONS
- 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
HOW PEOPLE INTERACT
- Trade can make everyone better off
- Markets are usually a good way to organize activity
- Government can sometimes improve market outcomes
HOW ECONOMY AS A WHOLE WORKS
- 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
