Think ofa time when youwere deciding whether to make alarge purchase. Whatfactors did youconsideras you were making this decision?How mighteconomicconceptslikeopportunity, cost, and scarcity apply to yourdecision?

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 yourpersonal decisions on? Why or why not?Provide an example from the required materials or your own research to back up your ideas.