Assignment:
Please, in your own words, provide a personal example where you see how limited resources impact your choices. Also, bring an example where the Law of Increasing Opportunity cost applies in your own life. If your friend shares with you that he is taking three online courses this summer, works full time, has family members to take care of and also plans to take a out of state vacation, but it is concerned about being able to accomplish all of these, what would you recommend and think about his plans? Explain using economics terms.