Macroeconomics Journal Unit, writing homework help

Anonymous
timer Asked: Mar 7th, 2017
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Question Description

  • According to the Principles of Economics, economic principles guide how we make economic choices and how we interact in the market. What role do economic principles play in your personal economic decisions (choices)? Do you encounter scarcity either personally or in your workplace? What are the kinds of scarcity you encounter?
  • To make rational economic decisions, we need to compare costs and benefits. Suppose you are trying to decide whether to take a vacation. The majority of the costs of the vacation are measured in monetary terms (dollars), but the benefits of the vacation are generally non-monetary in nature. How do you compare the non-monetary benefits with the monetary costs? What are the economic (opportunity) costs of going on vacation? Explain in terms of economic costs, which include both monetary and nonmonetary costs.

Tutor Answer

Austinediene
School: Duke University

Hello, sorry i could not deliver it before now. i was held up doing another assignment due. but i still had to do this one.Let me know where you need further help.

Running Head: ECONOMIC PRINCIPLES

ECONOMIC PRINCIPLES.

STUDENT NAME:
TUTOR NAME:
COURSE TITLE:
DATE:

ECONOMIC PRINCIPLES

2|Page

Economic principles govern the public`s choices and decisions regarding lifestyle choices. Apart
from controlling the economy, these policies influence interactions and decision-making
abilities, (Rios, M). In my personal life, I apply economic principles in my daily and weekl...

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Anonymous
awesome work thanks

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