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    1) people face trade offs
    2) the cost of something is what you give up to get it
    3 ) rational people think at the margin
    4) people respond to incentives
    5) trade can make everyone better off
    6) markets are usually good way to orginize economic activity
    7) governments can sometimes improve market outcomes
    8) a country's standard of living depends on its ability to produce goods and services
    9 ) prices rise when the government prints too much money
    10) society faces a short-run trade-off between inflation and unemployment
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