jevaoines821

What is script?

How to earn money?

Multiple Choice Question. Which is the correct answer?

1. In a world where resources were not scarce we would find that:

a) opportunity costs would determine the price of goods

b) individual choice would be irrelevant

c) all goods would be free

d) all of the above

Due to scarce resources a choice is made in producing goods and services which evokes an opportunity cost.

TrueFalse

Discussion; use the concept of opportunity costs to illustrate the choices society faces in determining how to use its scarce resources to produce and allocate goods and services to best satisfy the unlimited wants of its members.

Think about the Jesuit Tradition, Ignatian values, and the Ignatian approach to making good choices (Note:   and especially /making-good-decisions/an-approach-to-good-choices/ are good resources if you need a refresher.), and the ultimate question “How we ought to live.”

• Are scarcity and opportunity cost demonstrated in the Ignatian framework for decision making? Give a rationale for your answer.

Compare two savings accounts to determine which is the best fit for you.