Opportunity Cost
Welcome my first action project of my Economics class. In this class we discussed opportunity cost which is the value of your choice minus the value of the next best choice. We also talked about supply which is as the cost increases, people willing to enter the market to supply at that price increase (direct relationship). Going with Supply is demand which is as cost goes up, demand goes down (inverse relationship). We read a book called freakonomics by Steven D. Levitt and discussed how that connects to our economics class. For this action project we were asked to take all of this and plug it into our college decision. We asked ourselves what we wanted to do after we graduate high school. Whether that be a gap year, go right into college, trade school. Whatever your path is we have to figure out the true cost and how we are going to get there. Below is my path and what I believe I am going to take.
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