Week 1 Discussions
"What is Economics?" Please respond to the following:
· Identify a recent purchase that you made and determine how scarcity influenced your purchase decision.
· Give an example how scarcity of a product would have an impact on a macroeconomic and microeconomic level. Explain your rationale.
"Principles of Economics" Please respond to the following:
· Analyze what your opportunity costs have been in terms of personal resources that you have given up in order to take this course at Strayer University.
· Explain two ways in which you applied the use of marginal cost and benefit to your decision to pursue a college degree.