Each scenario below practices one of the 10 principles of economics. Match the principles to the appropriate scenario listed and justify your answer. Each principle will only be usedonce.

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Scenarios Principles 1 Even though generally more expensive, a) People face tradeoffs 2. Airlines wil charge a fee for each b) The cost of something is what you 3. At a restaurant, when ordering an entrée,c) Rational people think at the margin energy efficient appliances and vehicles sell better with a rebate or tax credit additional suitcase you may want to take with you on a trip give up to get it you get to choose two side dishes from a group of five side dishes 4. Instead of growing your own food d) People respond to incentives making other necessities you decide to specialize in a particular profession and purchase things, even things that you would have not been able to make yourself 5. There is an incredible variety of goods e Trade can make everyone better off and services available many different price points even though no single entity or govemment is deciding or dictating the market what to do 6. In ts effort to lmit the effects of rising f) Markets are usually a good way to inflation, t Fedeal Reserve Systenm reduces the quantity of monev in the economy, bu sees an increase in unemployment organize économic activity 7. While consuming the same amount of 3 g Govemments can sometimes improve farmers labor and capital the newly developed hybrid crops achieve twice the yields of the previous crops market outcomes 8. You have noticed that the same amount |h) A country s s of money buys you fewer goods and services than it did a year ago h) A country's standard of living depends on its ability to produce goods and services 9. You worked for extra pay on a holiday i) Prices rise when the govemment prints and therefore missed out on vour neighbors barbeque too much money 10. Two major suppliers of powdered baby j) Society faces a sho-run tradeoff food fomula are challenged by govemment on grounds of price fixing between inflation and unemployment