• Think of a time when you were deciding whether to make a large purchase. What factors did you consider as you were making this decision? How might economic concepts like opportunity, cost, and scarcity apply to your decision?
• Based on what you read this week, do you think that corporations, governments, and other large-scale social groups make economic decisions based on the same set of factors that you make your personal decisions on? Why or why not? Provide an example from the required materials or your own research to back up your ideas.