Describe the potential cost to you of enrolling in this “macroeconomics” course. Examine which factor—the time or money you must forfeit—is more significant when making decisions. Examine how scarcity affects your day-to-day existence.(you can Include personal stories or real-life examples)
when you do it remember to use the following key terms: scarcity, specialization, the law of diminishing marginal utility, budget constraint, allocate efficiency, productive efficiency, sunk cost, utility, etc)
