Can you please respond to the following question in 100 words or more.

Share three things you learned this semester that you are likely to remember 10 years (or more) from now. Why do you think these concepts will stick with you? Do you see them being applied in your career (or life in general) going forward?

This is a Introduction to Microeconomics class where we studied the Ten Principles of Economics

How People Make Decisions

• 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.

How People Interact

• 5.

Trade can make everyone better off.

• 6.

Markets are usually a good way to organize economic activity.

• 7.

Governments can sometimes improve market outcomes.

How the Economy as a Whole Works

• 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.