(a) Because of the fundamental problem of scarcity, we must weigh the options carefully before deciding. Think about a significant decision you will make in the near future and explain in one substantive paragraph how you will apply the "economic way of thinking" to make a decision that optimizes your satisfaction. (one paragraph)

(b) Economists often compare variables to determine the nature and extent of their relationships. The relationship can be positive or negative. For example, the number of hours of exercise and a person's blood sugar count has a negative relationship. Describe a pair of variables with a positive relationship and a team with a negative relationship while explaining how they are related and the extent to which they change in response to each other. (one paragraph)

Use these examples when financing a car, example. Trading in a Jeep for an Acura.