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Considering Tradeoffs You Make Every Day

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Let’s talk about two tradeoffs we face every day: how we spend our time and money.

We can spend our income, or save it for investing. We can spend time working to earn an income, or we do other things that we broadly call leisure.

Reply to these prompts to start your discussion:

  • Describe a tradeoff you have made in terms of your income or your time. What choice did you make with your money or time? Why did you make that choice?

ECO 100: Principles of Economics