This is the second video in the Economics Animated series. This one focuses on key economic concepts.It covers:
Goods and Bads
Key Economic Concepts:
--Scarcity implies tradeoffs and opportunity costs: TANSTAAFL
--People tend to choose rationally, responding to incentives and making decisions at the margin.
--Markets and Trade tend to work well and make people better off.
Microeconomics vs. Macroeconomics
iconography, style, type, design – fab.
copy and paste if you hate fred
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