Please read and follow the detailed instructions (attachment included) and please…NO PLAGERISIM!
Your choice of choosing either a Word Document or creating a Powerpoint slide deck.
For this assignment, you’ll expand on the industry that you previously selected (see attachments for previous selected industry) and apply at least 3 of the 10 Principles of Economics:
• Markets Are Usually a Good Way to Organize Economic Activity
• A Country’s Standard of Living Depends on Its Ability to Produce Goods and Services
• Society Faces a Short-Run Trade-Off Between Inflation and Unemployment
• Trade Can Make Everyone Better Off
• Government Can Sometimes Improve Market Outcomes
• Prices Rise When the Government Prints Too Much Money
• 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
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