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Name: Date: Class/Period: Topic: Economic Choices and Decision Making Main Ideas Notes ConnectionsChoices & decision makingTradeoffsOpportunity cost (include examples)Production Possibilities Frontier:
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Start by understanding the different economic choices available to you. This includes choices such as saving money, investing in stocks or real estate, starting a business, or pursuing higher education for better job prospects.
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Educate yourself about the pros and cons of each economic choice. Research and gather information about the risks, potential returns, and requirements associated with each option.
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Economic choices refer to the decisions made by individuals, businesses, or governments regarding the allocation of resources.
Any individual, business, or government entity that makes decisions regarding the allocation of resources may be required to file economic choices.
To fill out economic choices, one must carefully consider all available options and weigh the benefits and trade-offs of each decision.
The purpose of economic choices is to allocate resources efficiently in order to maximize utility or profit.
Information such as the available resources, the various options for allocation, and the expected outcomes of each decision must be reported on economic choices.
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