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What is one way that economics can influence your daily life?
by forcing a decision on a career path
by limiting your ability to save money
by helping you understand that every choice has a tradeoff
by determining if goals are actually worthwhile
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by helping you understand that every choice has a tradeoff
Economics teaches the idea of scarcity and opportunity cost — that choosing one option means giving up another — which helps you make better everyday decisions (time, money, work, etc.).
Economics teaches the idea of scarcity and opportunity cost — that choosing one option means giving up another — which helps you make better everyday decisions (time, money, work, etc.).
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