Economics means literally “household management”. Don’t we already know how to manage our household?
Economics also assumes that we have limited resources and unlimited wants. Why are we not just content with what we have right now?
Please address the following questions in your response:
Note that there is a rubric that you can view which shows the criteria I am looking for (click on the 3 vertical points in the top right corner of this assignment!).
Include economic concepts in your response!
Post an initial response, and then come back for a reply to another student. You have to post first in order to see replies and posts of other students.
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