微观经济
People face trade-offs.
人们面临着权衡。
The cost of something is what you give up getting it.
某物的成本是你为了得到它而放弃的代价。
Rational people think at the marginal cost and marginal revenue.
理性的人会考虑边际成本和边际收益。
they look at marginal changes to describe small adjustments to the plan of action.
他们着眼于边际变化来描述行动计划的微小调整。
People respond to incentives.
人们会对激励做出反应
Trade can make everyone better off.
贸易可以让每个人的生活变得更好。
Markets are usually a good way to organize economic activity.
市场通常是组织经济活动的好方法
Governments can sometimes improve market outcomes.
政府有时可以改善市场结果。
A country's standard of living depends on its ability to produce goods and services.
一个国家的生活水平取决于其生产商品和服务的能力。
Growth of money leads to inflation
货币增长导致通货膨胀
Society faces a short-run tradeoff between Inflation and unemployment
社会面临着通货膨胀和失业之间的短期权衡