UOP ECO/ 561T ECONOMICS WEEK 1 DISCUSSION

Respond to the following in a minimum of 175 words: 

  • 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?
  • Discussan example of behavior you have observed that could be described as “smart for one but dumb for all.”

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