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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Week 1 Economic Thinking and Economic Systems

Week 1 Economic Thinking and Economic Systems

Q This week, share an example from your life where you had to make a choice knowing that you are giving up opportunities for doing or gaining something else. Tell us about your thinking process and how you arrived at the final choice you made. Would you make the same choice gain? Moreover, why do consumers make choices when they acquire something (jobs, money, friends, vacations, sleep, living places, etc.), and why do individual producers or nations have to choose the type, quality, and quantity of what they produce?

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There have been several opportunities that I have had regarding opportunity cost. The last major decision I made was to leave the military. I had a great job and steady pay.