Have an assignment in macroeconomics due and need some help. Attached is the assignment.

[BU204 | Macroeconomics] Page 1 of 2 Assignment | Unit 1 The 10 Principles of Economics 1. Your Assignment should have a cover sheet with the following inf ormation: ● Your Name ● Course Number ● Section Number ● Date 2. You may submit your Assignment using the Unit 1 Assignment template . 3. Respond to the questions in a thorough manner, providing specific examples of concepts, topics, definitions, and other elements asked f or in the questions. Your paper should be highly organized, logical, and f ocused. 4. Required Format: ● Correct APA f ormat ting f or answers (cover sheet with name, course number, sect ion number, unit number, date, answers double spaced, in Times New Roman 12 -point f ont). (Review the APA f ormats f ound in the W riting Center. ) ● Correct citations within answers ● Standard English with no spelling or punctuation errors ● Correct ref erences at th e bottom of the last page Assignment Each scenario below practices one of the 10 Principles of Economics. Match the principles to the appropriate scenario listed and justif y your answer. Each principle will only be used once. Ref er to Chapter 1 f or the de tails on the principles of economics. Also, watch the Chapter 1: “W hy Does Economics Matter?” video. 10 Principles of Economics: 1. People Face Trade -offs. 2. The Cost of Something Is W hat You Give Up to Get It. 3. Rational People Think at the Margin. 4. People Respond to Incentives. 5. Trade Can Make Everyone Better Off. 6. Markets Are Usually a Good W ay to Organize Economic Activity. 7. Governments Can Sometimes Improve Market Outcomes. 8. A Country’s Standard of Living Depends on Its Ability to Produce Goods and Services. 9. Prices Rise W hen the Government Prints T oo Much Money. 10. Society Faces a Short -Run Trade -off Between Inflation and Unemployment. [BU204 | Macroeconomics] Page 2 of 2 Scenarios 1. Even though generally more expensive, energy efficient appliances and vehicles sell better with a rebate or tax credit. 2. Airlines will charge a f ee for each additional suitcase you may want to take with you on a trip. 3. At a restaurant, when ordering an entrée, you get to choose two side dishes from a group of five side dishes. 4. Instead of growing your o wn f ood and making other necessities you decide to specialize in a particular prof ession and purchase things, even things that you would have not been able to make yourself. 5. There is an incredible variety of goods and services available at many different price points even though no single entity or government is deciding or dictating the market what to do. 6. In its effort to limit the eff ects of rising inflation, the Federal Reserve System reduces the quantity of money in the economy, but sees an increase in unemployment 7. W hile consuming the same amount of f armers’ labor and capital the newly developed hybrid crops achieve twice the yields of the previous crops. 8. You have noticed that the same amount of money buys you f ewer goods and services than it did a year ago. 9. You worked f or extra pay on a holiday and theref ore missed out on your neighbor's’ barbeque. 10. Two major suppliers of powdered baby food f ormula are challenged by government on grounds of price fixing. Directions for Submitting Your Assignment Bef ore y ou submit your Assignment, you should save your work on your computer in a location and with a name that you will remember. Make sure your Assignment is in the appropriate f ormat (Microsoft W ord®), then, when you are ready, you may submit to the Dropbox. Unit 1 Assignment: The 10 Principles of Economics Criteria Points Possible Points Earned Correct matching and explanation for each question is worth 3 points. 30 W riting Style, Grammar, and APA Format 5 Total 35