Listen to the NPR Planet Money podcast. When finished submit your answers to the questions below in the dropbox.

https://www.npr.org/2020/07/07/888690075/summer-school-1-choices-dating

Pod cast link

1. Define the following concepts, you may need to use some other resources to support your descriptions -list any other sources:

• Opportunity cost
• Sunk cost fallacy
• Marginal benefit and marginal costs
• Market equilibrium

2. Look at some facet of your life that you may not have thought was fundamentally economic. Describe how your view/understanding of this may have changed. Would your decision/choices be different now?