1 Consider an important choice that you have made in your life. Think about the resources that were required and their scarcity. Think about the costs (including opportunity costs) and benefits of the choice. Consider both market and non-market costs and benefits.
a. Write a sentence outlining the choice you faced.(25 words)
b. Write a sentence about the resources involved and why they were/are scarce. (25 words)
c. List the benefits and costs of the choice.(50 words min.)
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