Instructions
The following news article is a good illustration of real-life examples of how principles of economics shape our decisions and our life. Please read the following news article and chapter 1 of your textbook, answer the question below:
Gas Prices Drive Students to Online Courses
First, read the news article above. Then, address the following :
What are the four ten principles at decision making?
What do you think which of the four decision making economic principles of economics this article illustrates? State at least two principles.
Why do you think the two principles that you have selected are illustrated in this article? Explain your reasoning.
Illustrate one example, where you have used any two of the four decision-making principles in one decision.
0 comments