Discussion Post: Macroeconomics
• What determines whether a resource is scarce? Why is the concept of scarcity important to the definition of economics?
• In the coordinate system of graphs, there are two main relationships between two variables. With the use of numerical examples, describe these two relationships (read appendix of chapter 1).
• Why is choice important in economics? What are the costs of choice?
• How relevant is economics in our everyday lives?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.