Trade-offs are important part of economic decision making. You are supposed to Analyze and explain any three trade-offs that you face in your life. (1 Mark) (Word count: one fifty words max.)

You plan to study on weekend and your friends ask you to go to a farm house with them. What do you think is the true cost of spending your weekend on a farmhouse with friends? (2 Marks) (Word count: two hundred words max.)

You plan to spend your weekend working at your father's superstore for a wage, but your friends ask you go play cricket at the weekend.What do you think is the true cost of spending your weekend playing cricket with friends? (2 Marks) (Word count: two hundred words max.)