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1
Incentives Matter
2
There is no such thing as a free lunch
3
decisions are made at the margin
4
trade promotes economic progress
5
transaction costs are an obstacle to trade
6
Profits bring in wealth
7
people earn income by helping others
8
economic progress comes primarily through trade, investment, better ways of doing things, and sound economic institutions
9
the invisible hand directs buyers and sellers toward activities that promote wellfare
10
Too often the unintended consequences are ignored
Author
benmfox
ID
3188
Card Set
Economics
Description
10 key Elements of Economics
Updated
2009-12-16T01:38:03Z
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