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Study of economics apply

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In your opinion, how does the study of economics apply to our daily decisions? For example, can we use the lessons we learn about opportunity cost and efficiently allocating our resources to decisions we make about our individual lives, such as having children or waiting to start a family, going to college or working, purchasing a house or renting? Explain your reasoning in a minimum of two paragraphs. APA formatting and citation.

Reference no: EM131107841

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