Application of principles of economics on human life
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1 people face trade offs
2 the cost of some thing is what you give up to get it
3 rational people think at the margin
4 people respond to incentives
5. trades can make everyone better off
2 the cost of some thing is what you give up to get it
3 rational people think at the margin
4 people respond to incentives
5. trades can make everyone better off
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