Principle #1:  People Face Tradeoffs

To get something you want, you have togive up something else you want.  Scarceresources.Think of allocating your time or money.Societies face a tradeoff between moreconsumer goods (low taxes) and more publicgoods (defense, social programs).

           That's how they define the principle no. 1, and i also experience that, i mean always, hahaha,  like when in the morning, specially when i sleep at night late, i just want to sleep more in the morning but i need to wake up early for school, for me not to get late..:)

one more about that a personal experience and it goes like this...haha when i was in third year high school i always wanted to play basketball even though i have a class, but necessary for me to attend my class and i just give up on it in playing one of my hobbies.. but.. there is a big butt, i mean but,, wahha..i play basketball even there is a class..wahaha  ..
:)
one more about that a personal experience and it goes like this...haha when i was in third year high school i always wanted to play basketball even though i have a class, but necessary for me to attend my class and i just give up on it in playing one of my hobbies.. but.. there is a big butt, i mean but,, wahha..i play basketball even there is a class..wahaha  ..:)