quarta-feira, 23 de março de 2011

Like the movie: It’s all about economics!

Essential Principles of Economics
Rational Expectations (People don't want too many unpleasant surprises. If they use the information available to them efficiently, then they won't be surprised in the same way very often) + Scarcity (According to modern economics, scarcity exists whenever there is an opportunity cost, that is, where-ever a meaningful choice has to be made)
     
 The economics of the arrangement??????

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