Can you think of some other examples of trade-offs that have happened to you? What have you given up in order to do or buy something else? Use the decision making chart included in your Understanding Economics textbook in Lesson 1 (Figure 1.5: Decision Making) to determine which you would choose: a motorcycle, prom, a spring break trip, or a computer. Which item did you choose? Which of the included criteria influenced your decision (cost; how long it would last, impressing friends, parental approval, use)? Did the chart make your decisions easier or more difficult? Explain your answer.
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