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Question
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
Economics is about making choices under scarcity. The concept of trade - offs is fundamental. Every decision involves giving up something for something else. It doesn't force career decisions, doesn't just limit saving, and doesn't solely determine goal - worthiness.
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by helping you understand that every choice has a tradeoff