Discuss the five economic principles

Assignment Help Microeconomics

Reference no: EM13187112

Please respond to the following:

1. The chapter describes five different economic principles and provides an example of each principle. Imagine that you are one of the authors of the textbook. Select one principle and create an additional example that will help students understand that principle better.

2. Based on the five economic principles discussed, give your opinion on the one which is the most important and useful concept in your life. Provide support for your response.

Reference no: EM13187112

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