Discussion
Text book: Principles of Economics By Robert Frank, 7TH EDITION.
Read the following chapters of Principles of Economics in McGraw-Hill Connect:
Ch. 1, "Thinking like an Economist"
Ch. 3, "Supply and Demand"
People may make bad decisions because they fail to compare the relevant costs and benefits. Do you agree? Provide an example of when you made a bad decision, and an example of when you made a good decision. Did you compare the relevant costs and benefits?
Discuss an example of behavior you have observed that could be described as "smart for one but dumb for all."
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.