2. Identify three decisions that you (micro) have made recently.
3. Identify three decisions that our government (macro) has made recently. Use the internet, the newspaper, or television news to research this information.
4. List three resources that you allocate daily. Identify three ways in which you come by these resources.
5. Identify three material things you would like to own. Are these needs or wants? Explain.
2. One decision I have made is to sell my XBOX 360 and take that money to put towards a new Playstation 4. Another decision I made was to study my course work online. My car was low in gas, I also decided to fill the gas tank.
3. Three decisions that our government has made recently is the first the executive order put in place to suspend immigration from major terrorists countries. Another would be the withdrawal of the U.S. from the Trans-Pacific Partnership. Last, the reinstatement of the "Mexico City Policy" on defunding international abortion related services.
4. Three resources that I allocate daily are money for lunch, gas for car, and my time towards my class work.
5. Three materials I would like to own are a Ferrari, my own home, and my own company. These are wants because wants are things that are needed or desired.
Identified three ways in which come by these resources
2. One decision I have made is to sell my XBOX 360 and take that money to put towards a new Playstation 4. Another decision I made was to study my course work online. My car was low in gas, I also decided to fill the gas tank.
AGREE
3. Three decisions that our government has made recently is
--the first the executive order put in place to suspend immigration from major terrorists countries. How is this an example of macro-economics? Be ready to explain.
--Another would be the withdrawal of the U.S. from the Trans-Pacific Partnership. AGREE
--Last, the reinstatement of the "Mexico City Policy" on defunding international abortion related services. AGREE
4. Three resources that I allocate daily are money for lunch, gas for car, and my time towards my class work.
AGREE
5. Three materials I would like to own are a Ferrari, my own home, and my own company. These are wants because wants are things that are needed or desired.
Needs are not always desires/wants and vice versa.
Needs are things you NEED to stay alive and do what MUST be done -- a car (would a Volkswagen do?) to get to work and back -- and what else?
Which of those are wants/desires, but not needs?
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2. Selling your Xbox 360 for a Playstation 4? That's like trading a banana for a watermelon - an upgrade indeed! Studying your coursework online is a great decision, you can attend lectures in your pajamas, just make sure to mute yourself during the "guess what's in my fridge" breaks. And filling up your gas tank? Well, that's a wise move unless you're planning on turning your car into a Flintstones mobile!
3. Ah, the government and their decisions, they're like a bunch of fish trying to swim in a ballet recital. Suspending immigration from major terrorist countries, maybe they should have focused on suspending major traffic during rush hour first! Withdrawing from the Trans-Pacific Partnership, it's like backing out of a group project when you realize the group only consists of bees and dolphins. And the reinstatement of the "Mexico City Policy," sounds like a policy invented during a game of charades where someone was trying to act out a telenovela set in the United States.
4. Ah, resources, the stuff that keeps the world spinning, like a hamster on a wheel, forever running. Money for lunch, because who needs a home-cooked meal when you can have another round of microwave burritos? Gas for the car, because walking to work is overrated, and running after the bus is much too sweaty. And time for your course work, because procrastination is an art form, but unfortunately, it doesn't come with a certificate or a gold medal.
5. Ah, material things, the shiny distractions that make us momentarily forget our existential crises. A Ferrari, because speed limits are just a suggestion, and why not feel like a Fast & Furious character every time you hit the grocery store? Your own home, because living with roommates is like a never-ending episode of "Survivor: The Dishwashing Edition." And your own company, because being a boss means you can fire people for using the office microwave to cook fish. These are wants, my friend, not needs, like putting a cherry on top of your ice cream - unnecessary, but oh so delicious.
To identify three decisions that you (micro) have made recently:
1. Selling your Xbox 360 and using the money to purchase a new Playstation 4: This decision involves evaluating your priorities and preferences in gaming consoles and deciding to upgrade to a newer model.
To make this decision, you may have:
- Researched the features, capabilities, and games available on the Playstation 4.
- Compared the value you would get from selling your Xbox 360 and the potential enjoyment you would get from the Playstation 4.
- Considered your budget and whether the cost of the new console was reasonable in relation to your personal financial situation.
2. Studying your coursework online: This decision involves choosing a specific mode of studying that suits your learning preferences and circumstances.
To make this decision, you may have:
- Explored online learning platforms and resources available for your coursework.
- Considered the flexibility offered by online studying and how it would fit into your schedule.
- Assessed the effectiveness of online studying compared to traditional classroom learning, and weighed the pros and cons.
3. Filling up your car's gas tank: This decision involves managing your transportation needs and ensuring your vehicle stays operational.
To make this decision, you may have:
- Monitored your car's gas gauge and estimated the remaining distance you could travel.
- Evaluated the cost of filling up the tank and determined if it was within your budget.
- Considered the availability of gas stations nearby and the convenience of refueling at that moment.
To identify three decisions that our government (macro) has made recently:
1. The executive order to suspend immigration from major terrorist countries: This decision involves national security and immigration policies.
To find information about this decision, you can refer to news sources, government websites, and official statements to learn about the executive order, its purpose, and its potential impact on immigration.
2. The withdrawal of the U.S. from the Trans-Pacific Partnership: This decision involves international trade policies and relations.
To find information about this decision, you can research news articles, government press releases, and reliable sources that discuss the U.S. withdrawal from the Trans-Pacific Partnership, including the reasons behind it and its implications.
3. The reinstatement of the "Mexico City Policy" on defunding international abortion-related services: This decision involves social and reproductive health policies.
To find information about this decision, you can explore news articles, government websites, and reputable sources that discuss the reinstatement of the Mexico City Policy, its background, and the potential consequences for international organizations and their services related to abortion.
To identify three resources that you allocate daily:
1. Money for lunch: This resource involves allocating funds to meet your dietary needs during the day.
To come by this resource, you may:
- Have a job or another source of income to earn money.
- Determine an appropriate budget for daily expenses like lunch.
- Choose among different options for obtaining lunch, such as bringing a packed lunch from home or purchasing it from a nearby restaurant or cafeteria.
2. Gas for your car: This resource involves allocating fuel to ensure your vehicle can operate smoothly.
To come by this resource, you may:
- Locate gas stations in your area.
- Determine when your car needs to be refueled based on the gas gauge and estimated mileage.
- Set aside funds for purchasing gas based on the current prices and your estimated fuel consumption.
3. Time for your coursework: This resource involves allocating your time and energy towards completing your academic responsibilities.
To come by this resource, you may:
- Create a schedule or routine that prioritizes your coursework.
- Dedicate specific periods during the day for studying and completing assignments.
- Minimize distractions and focus on the tasks at hand to make the most efficient use of your time.
To identify three material things you would like to own:
1. A Ferrari: This is a want, a luxury item, because it is not necessary for survival or meeting basic needs. Owning a Ferrari would be a desire based on its prestige, performance, and aesthetics. It would be a symbol of wealth and status.
2. Your own home: This can be considered both a need and a want, depending on your circumstances. For most people, owning a home is a need as it provides shelter, security, and a sense of belonging. However, it can also be a want if you already have access to adequate housing and desire additional benefits associated with homeownership, such as personalization and investment opportunities.
3. Your own company: This is a want, a personal aspiration, as owning your own company represents entrepreneurial ambitions and the desire for independence and fulfillment. While starting a business can be highly rewarding, it is not a necessity for everyone and is driven by individual goals and preferences.