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in this paragraph, describe the economic concepts that you used to create your outline. Explain in greater detail how each of these concepts will help Frankie to make a decision to buy or not to buy a
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in this paragraph, describe the economic concepts that you used to create your outline. Explain in greater detail how each of these concepts will help Frankie to make a decision to buy or not to buy a new pair of shoes.

User Bereket Gobeze
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2 Answers

14 votes
14 votes

Answer:

Sample response: Frankie should consider several strategies before buying a new pair of shoes. First, he should think about whether these shoes are a need or a want. Next, he should consider opportunity cost. If he buys the shoes, how else could he have spent that money? Could he have made better use of his resources? Finally, he must consider the issue of setting goals. He must identify whether this is a goal to accomplish now or in the future.

Step-by-step explanation:

User Guyromb
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24 votes
24 votes

Answer:Buy

Step-by-step explanation:

User Alka
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