Now that you have a greater understanding of the economic concepts of scarcity, trade- offs, and opportunity costs, your next task is to compose a forum entry in which you choose and fully discuss a real trade-off/opportunity cost you have had to personally make in your life. Your entry needs to fully explain the following and number your answers as well: 1. Think of a time when you personally had to make a trade-off type of decision. What was the trade-off decision that you had to make recently? Explain in detail. 2. What would the opportunity cost be for each choice option that you had? Explain in detail. 3. Which decision did you make? 4. Do you regret the decision that you made or wonder 'what if' you had made a different choice? Would you make the same decision again if faced with the same scenario today?