Identify two of the Ten Principles of Economics.
I need help finding 2 articles from website https://www.economist.com about the economy that have been in the news lately. For each story, identify 2 Principles of Economics which are current, and identify one unique principle for both articles.
The Ten Principles of Economics are:
- 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