Choices Are Everywhere: Why Can't We Just Have It All? (Page One Economics)
As the Rolling Stones song says, "You can't always get what you want." So we make choices. Every day, governments and individuals choose how much money to spend and what to purchase. The January 2013 issue discusses opportunity costs and scarcity and how they affect our spending decisions.
Graphs compliments of FRED.
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High School, Consumers, College
Personal Finance, AP Economics, Economics, Data Literacy
Scarcity, Wants, Taxes, Spending, Budget/Money Management, Income, Opportunity Cost