Discussion:
Scarcity and the principles of economics
What is Economics?"
1-Identify a recent purchase that you made and determine how scarcity influenced your purchase decision.
2- Give an example how scarcity of a product would have an impact on a macroeconomic and microeconomic level. Explain your rationale.
Principles of Economics"
3- 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.
4- Explain two ways in which you applied the use of marginal cost and benefit to your decision to pursue a college degree.