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Unequal income - PowerPoint PPT Presentation

What did you study last time?

What did you study last time?. Chapter 1 Ten Principles of Economics How people make decisions People face tradeoffs. The (opportunity) cost of something is what you give up to get it. Rational people think at the margin. People respond to incentives. What do you study this time?.

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Unequal income - PowerPoint PPT Presentation

What did you study last time?