I need support with this Economics question so I can learn better.
Economics means literally “household management”. Don’t we already know how to manage our household?
Economics also assumes that we have limited resources and unlimited wants. Why are we not just content with what we have right now?
Please address the following questions in your response:
- Why did you choose to study economics (household management)?
- How can setting goals help in the decision making process? Why is it important to have goals or top priorities? What is one of your personal goals (what do you want to accomplish this year)? What is your long-term goal (where do you see yourself in five years)?
- In your opinion: what are three major economic challenges for the U.S., and / or the World? How do these challenges affect you and your family? How do these challenges relate to the principle of “household management” ?
Note that there is a rubric that you can view which shows the criteria I am looking for (click on the 3 vertical points in the top right corner of this assignment!).
Include economic concepts in your response!
Post an initial response, and then come back for a reply to another student. You have to post first in order to see replies and posts of other students.
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