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https://files.stlouisfed.org/files/htdocs/publications/page1-econ/2018/04/02/smart-phones-and-budget-changes_SE.pdf After reading the article, Smart Phones and Budget Changes Discuss the following: What types of items are prioritized in your budget? How do the

https://files.stlouisfed.org/files/htdocs/publications/page1-econ/2018/04/02/smart-phones-and-budget-changes_SE.pdf

After reading the article, "Smart Phones and Budget Changes

Discuss the following:

  1. What types of items are prioritized in your budget?
  2. How do the decisions relate to scarcity and opportunity costs?
  3. Analyze the relationship between budgets and the circular flow model.

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