SCARCITY & CHOICE IN A ONE PERSON ECONOMY: Read the following article then answer the questions. Connect your answers to the content in Chapter 2 regarding scarcity, choice, trade-offs and opportunity costs. Like the author, your time is limited. The author was specific about the actions he took to “get more done”. What specific changes have you made this semester to better allocate your scarce time? What were your trade-offs? What would you have done with the time you now spend working on Microeconomics? What were the monetary and well as non-monetary “costs” related to your decisions?
