This week, the topic of the Discussion Forum is how economic theory can be applied to the world around us. Economics is defined as the study of the efficient allocation of scarce resources. All of us have resources that are scarce - time, money, energy - and we continuously make decisions regarding the efficient allocation of those resources. In one to two paragraphs, discuss the role that opportunity costs played in your decision to take this microeconomics course. Think about and reflect on the following questions: What else could you be doing with your time? What else could you be doing with your money? What are some of the short-term versus long-term considerations and tradeoffs at play