1) I want you to discuss the importance of college education for your own job prospects and how education shifts the production possibilities frontier. We all know it takes time to complete a college degree but how will your PPF look different over time? What is the relationship between education and investment in the PPF analysis?

2) What is inflation and what causes it? How are inflation and unemployment related in the short run?

3) Describe some of the trade-offs you face on a daily basis - two examples.